Washington, May 16 -- Wall Street declined sharply on Friday, with US stocks falling to record lows as rising oil prices continue to rattle global markets, triggering a broad selloff in technology shares that had powered much of this year's rally.
The decline came alongside weakness across international markets, with investors growing nervous about higher energy costs, inflation risks and signs that the market's rapid climb may have gone too far too quickly.
The benchmark S&P 500 fell 1.1 per cent after closing at an all-time high a day earlier.
The Dow Jones Industrial Average dropped more than 500 points, while the tech-heavy Nasdaq Composite slid 1.4 pc, also pulling back from recent records.
Technology stocks, particularly companies...