Biggest Stock Slide On Wall Street Since ’20 As Oil Surges

NEW YORK— Wall Street had its biggest drop in more than a year Monday as another leap for oil prices threatened to squeeze inflation's grip on the global economy. The S&P 500 fell 3%, its biggest decline in 16 months, after a barrel of U.S. oil surged to $130 overnight on the possibility the U.S. could bar imports from Russia. Such a decline means the index is now in what…