Wall Street Sees $900 Billion Wiped Out as Oil Surge Triggers Market Selloff

U.S. stocks plunged at the opening bell Monday, with early trading wiping out more than $900 billion in market value as investors reacted to a surge in oil prices and escalating global tensions.

The selloff came as crude oil jumped above $100 per barrel, raising fears that the expanding Middle East conflict could push inflation higher and slow economic g…