Stocks tumbled on Wednesday while oil broke to a new multi-year low.
Brent crude oil, the international benchmark fell to a more than 10-year low while West Texas Intermediate crude was closing in on a roughly 7-year low, settling below $34 a barrel.
First, the scoreboard:
- Dow: 16,906.5, -252.2, (-1.4%)
- S&P 500: 1,990.3, -26.5, (-1.3%)
- Nasdaq: 4,835.8, -56.7, (-1.2%)
- WTI crude oil: $33.97, -5.5%
And now, the top stories on Wednesday:
- The minutes from the Federal Reserve’s December 15-16 meeting were release this afternoon, revealing, that for at least some members of the Fed December’s rate increase was a “close call.” The Fed raised read more >>>
Source : BusinessInsider.Com