The U.S. stocks closed lower Wednesday, bringing the market further below record highs reached earlier this month. Nine of the 10 industry sectors in the Standard & Poor’s 500 index fell. Energy was the only sector to rise, helped by a gain in the price of crude oil.
The Dow Jones industrial average lost 292.60 points, or 1.6 per cent, to 17,718.54.
The S&P 500 index fell 30.45 points, or 1.5 per cent, to 2,061.05.
The Nasdaq composite fell 118.21 points, or 2.4 per cent, to 4,876.52.
For the week:
The Dow is down 409.11 points, or 2.3 per cent.
The S&P 500 index is down 47.05 points, or 2.2 per cent.
The Nasdaq is down 149.90 points, or 3 per cent.
For the year:
The Dow is down 104.53 points, or 0.6 per cent.
The S&P 500 index is up 2.15 points, or 0.1 per cent.
The Nasdaq is up 140.46 points, or 3 per cent.