Stocks fell broadly on Wednesday, snapping a four-day winning streak for the Standard & Poor’s 500 index, as investors shaken by recent swings in the market sold some of their holdings. A drop in the price of oil dragged down energy stocks. Small-company stocks also fell as traders unloaded riskier assets.
The Dow Jones industrial average fell 153.49 points, or 0.9 per cent, to 16,461.32.
The S&P 500 500 fell 14.17 points, or 0.7 per cent, to 1,927.11.
The Nasdaq composite fell 36.63 points, or 0.8 per cent, to 4,382.85.
For the week:
The Dow is up 80.91 points, or 0.5 per cent.
The S&P 500 is up 40.35, or 2.1 per cent.
The Nasdaq has added 124.41 points, or 2.9 per cent.
For the year:
The Dow is down 115.34 points, or 0.7 per cent.
The S&P 500 index is up 78.75 points, or 4.3 per cent.
The Nasdaq is up 206.26 points, or 4.9 per cent.