NEW YORK (AP) — Stocks are drifting on Wall Street Thursday, as oil prices jump after President Donald Trump announced “massive” new sanctions on Russia’s crude industry.

The S&P 500 added 0.1% in early trading and crept a bit closer to its all-time high set earlier this month. The Dow Jones Industrial Average was up 19 points, or less than 0.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was virtually unchanged.

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