US stocks fell for the fourth time in five days on concern the Federal Reserve will fail to prevent a recession as oil climbed above $110 a barrel, pushing down refiners, retailers and banks.

The Dow Jones Industrial Average fell 211 points from its midday high as oil rose.

The Standard & Poor’s 500 Index lost 11.88 points, or 0.9 percent, to 1,308.77. The Dow slipped 46.57 points, or 0.4 percent, to 12,110.24. The Nasdaq Composite Index decreased 11.89, or 0.5 percent, to 2,243.87. Two stocks dropped for every one that rose on the New York Stock Exchange.

(Source: Bloomberg)