U.S. stocks slid on Tuesday. All sectors save the non-cyclical consumer goods and services sector were down at the market's close. The Federal Reserve held short-term interest rates steady and has left them unchanged since December.
The energy sector fell the most at 1.46%. Crude tanked after the U.S. Energy Information Administration reported that America's oil inventories soared by 14.4 million barrels for the week ending Oct. 28 to reach 482.6 million barrels, TheStreet reported.
The Dow Jones Industrial Average lost 77 points, or 0.43%, down to 17,959. The S&P 500 index fell 14 points, or 0.65%, to 2,097 and the Nasdaq composite declined about 48 points, or 0.93%, to 5,105.
West Texas Intermediate crude futures finished the day around 2.5% lower.
Refiners were taking the greatest hit as the EIA reported earlier Wednesday that U.S. crude oil refinery inputs averaged over 15.4 million barrels per day during the week ending Oct. 28, about 100,000 barrels per day less than the previous week's average.