NEW YORK -- Former New York Mayor Ed Koch died at age 88, The Associated Press reported. Spokesman George Arzt said Koch died Friday morning of congestive heart failure. Koch served as mayor from 1978 to 1989.
Stocks declined in the last hour of trading on Wednesday.
U.S. stock futures trade lower Wednesday, ahead of the release of minutes from the Federal Reserve's meeting in January.
The Dow, S&P 500 and Nasdaq all finished lower on Tuesday.
U.S. stock futures point to sharp losses for Wall Street on Tuesday.
The Dow and S&P 500 regained momentum and closed higher on Friday after a federal grand jury indicted 13 Russian nationals and three Russian entities accused of interfering with U.S. elections.