Wall Street rally falters as oil prices skid

The three major indexes have recouped more than half of the losses suffered after a shock vote by Britain to leave the European Union. Oil prices fell about 2 percent, snapping a two-day rally, as investors booked profits amid resumption of supply from Nigeria. "The focus now shifts to reality and the performance of the global economy, which is not all that promising," said Peter Cardillo, chief market economist at First Standard Financial in New York.