Chicago Sun-Times | Why Oil Is Dragging Down the S&P Bloomberg Why does falling oil, a boon to consumers, keep knocking down the Standard & Poor's 500 Index? To Bank of America Corp., it's because of the possibility companies will cancel plans for capital spending. Earnings in the benchmark gauge for American ... Wall St. Rises as Oil Prices Stabilize Bonds rally as stocks and oil prices extend slumps US stocks turn higher as the price of crude oil steadies |