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By Staff Reporters

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U.S. stocks were lower after the close on Wednesday, as losses in the Consumer Goods, Technology and Oil&Gas sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.52%, while the S&P 500 index lost 0.76%, and the NASDAQ Composite index lost 1.15%.

The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 1.19% or 1.94 points to trade at 165.42 at the close. Meanwhile, Home Depot Inc (NYSE:HD) added 0.28% or 0.92 points to end at 333.06 and Merck&Company Inc (NYSE:MRK) was up 0.06% or 0.07 points to 108.73 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 3.57% or 1.24 points to trade at 33.53 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 1.43% or 0.41 points to end at 28.19 and Caterpillar Inc (NYSE:CAT) was down 1.03% or 2.86 points to 274.51.

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Here is a recap where the major benchmarks ended:

• The S&P 500 Index was down 33.53 points (0.8%) at 4,404.33; the Dow Jones Industrial Average (DJIA) was down 180.65 points (0.5%) at 34,765.74; the NASDAQ Composite (COMP) was down 156.42 points (1.2%) at 13,474.63.
• The 10-year Treasury note yield (TNX) was up about 5 basis points at 4.27%.
• CBOE’s Volatility Index (VIX) was up 0.28 at 16.74.

Chipmakers remained weak, with the Philadelphia Semiconductor Index (SOX) down nearly 2% to a 10-week low. Energy companies also slipped as crude oil futures extended a week-long slide by dropping under $80 a barrel to a three-week closing low. Utilities were among the few sectors posting gains.

The U.S. Dollar Index (DXY) hit a six-week high on expectations U.S. rates will remain elevated.

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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Investing | Tagged: CAT, CBOE, DJIA, DOW, DXY, gas, HD, INTC, MRK, NASDAQ, NYSE, oil, S&P 500, SOX, TRV, VIX, WBA | Leave a comment »