U.S. stocks slumped on Wednesday after an early rally fizzled. The declines were led by energy stocks as the price of crude oil fell sharply. Traders also worried that a report showing that the number of available jobs soared in July could convince Federal Reserve policymakers to raise interest rates later this month.
For the day:
The Dow fell 239.11 points, or 1.5 per cent, to 16,253.57.
The Standard & Poor's 500 index dropped 27.37 points, or 1.4 per cent, to 1,942.04.
The Nasdaq composite dropped 55.40 points, or 1.2 per cent, to 4,756.53.
For the week:
The Dow is up 151.19 points, or 0.9 per cent.
The S&P 500 index is up 20.82 points, or 1.1 per cent.
The Nasdaq is up 72.61 points, or 1.6 per cent.
For the year:
The Dow is down 1,569.50 points, or 8.8 per cent.
The S&P 500 index is down 116.86 points, or 5.7 per cent.
The Nasdaq is up 20.47 points, or 0.4 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.