US stocks edge lower as oil prices rise and more earnings reports roll inNEW YORK (AP) – Stocks edged lower on Wall Street as oil prices rose and more company earnings reports rolled in. NEW YORK (AP) – Stocks edged lower in afternoon trading on Wall Street Thursday as oil prices gained ground and a wide variety of companies reported their latest financial results. Oil prices gained ground as uncertainty remains over the U.S. war with Iran that has stifled the global flow of oil. Oil prices surged as high as $113 during the conflict and higher prices have added more heat to inflation by raising the price of gasoline and raising costs for shipping. Raising rates, though, could also slow economic growth while weighing down prices for stocks and other investments.