Landmark oil price hike gives Wall Street jitters

Wall Street gave up a big early advance and closed mixed today after oil prices closed above 100 for the first time and stoked fears that inflation will stymie an already troubled economy.

Soaring oil prices could bring more problems for consumers, having already made many Americans shy about spending in recent months. Consumer spending, a key driver of US economic growth, has also been shaken by falling home prices and the volatile stock market.