Gas price spikes and soaring oil send Dow, other stock indices falling

Gas prices in the U.S. are inching closer to record highs as the U.S. moves toward a ban on Russian oil.

That’s triggering a drop in stock prices.

The Dow Jones Industrial Average shed nearly 800 points, or 2.4%, on Monday. The S&P 500 and NASDAQ Composite also closed lower, by 3% and 3.6%, respectively.