U.S. stocks closed lower on Wednesday, led by a decline in energy companies following the latest drop in crude oil and natural gas prices. The market decline came on lighter-than-usual trading ahead of the New Year’s Day holiday.
The Dow Jones industrial average fell 117.11 points, or 0.7 per cent, to 17,603.87.
The S&P 500 index lost 15 points, or 0.7 per cent, to 2,063.36.
The Nasdaq composite shed 42.09 points, or 0.8 per cent, to 5,065.85.
For the week:
The Dow is up 51.70 points, or 0.3 per cent.
The S&P 500 index is up 2.37 points, 0.1 per cent.
The Nasdaq is up 17.35 points, or 0.3 per cent.
For the year:
The Dow is down 219.20 points, or 1.2 per cent.
The S&P is up 4.46 points, or 0.2 per cent.
The Nasdaq is up 329.79 points, or 7 per cent.