Grains and beans futures also closed lower.In agricultural contracts, December wheat fell 4 cents to finish at $8.645 per bushel, December corn fell 11.5 cents to $7.3950 per bushel and January soybeans lost 33.25 cents at $15.2675 per bushel.
Shares of this oil refiner could be poised for gains in the months ahead, thanks to pressure from an activist investor.
The San Antonio, Texas-based independent refiner will scoop up its across-the-state competitor by exchanging $4.1 billion worth of its shares and picking up $1.7 billion worth of debt.
Even the Oracle of Omaha can change his mind: Warren Buffett's conglomerate has moved back into airline stocks, with stakes in American, United Continental and Delta. Plus, what Cramer thinks.
Renewable energy players took a beating in pre-market trading Wednesday, while fossil fuels focused companies, which are not expected to be widely affected by a Trump presidency, were also slipping.