Stocks drop as oil drop offsets ECB stimulus

By The Associated Press

Published September 4, 2014 8:11pm ET

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Stocks drop as oil drop offsets ECB stimulus — FILE - This Aug. 9, 2011 file photo shows a Wall Street street sign near the New York Stock Exchange, in New York. U.S. stocks rose Thursday, Sept. 4, 2014, after the European Central Bank surprised traders by trimming its main interest rate to a record low, and announcing that it would purchase asset-backed securities in an effort to stimulate the region's ailing economy. (AP Photo/Mark Lennihan, File) | Mark Lennihan

A slump in oil prices is weighing on the stock market, pushing the Standard & Poor’s 500 index to its third straight loss.

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