NEW YORK ( TheStreet) -- The markets closed mixed Wednesday as they tried to decipher a dramatic fall in the price of oil.
The Dow Jones Industrial Average dropped 59.67, or 0.49%, to 12,050.00. The S&P 500 slipped 3.38, or 0.26%, to 1283.76. The Nasdaq added 17.56, or 0.66%, to 2686.75.
Pete Najarian said on CNBC's "Fast Money" TV show that the market recovered from an early selloff when tech and commodities started to show some strength.
Tim Seymour said today's breakdown in oil prices was more indicative of people in crowded trades dumping. He said the world needs lower oil prices.Joe Terranova called the move by the IEA to release 60 million barrels of oil an unconventional tool in the post-QE2 age. He said global policymakers have nothing left to stimulate growth. For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."
3 Stocks I Saw on TV
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