Closing Bell: Active Oil Rig Activity Falls; U.S. Stocks Retreat From Records

Disappointing guidance from General Electric and a slump in crude oil prices dragged Wall Street from recent records.
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Disappointing guidance from General Electric Co. (GE) - Get Report and a slump in crude oil prices dragged Wall Street from recent records. The Nasdaq snapped a three-day streak of record closes. The Dow and S&P 500 were also lower. Crude oil prices were sharply lower even after weekly drilling activity data showed its first decline in three weeks. The number of active U.S. oil-drilling rigs fell by one to 764 in the past week, according to Baker Hughes. Plug Power Inc. (PLUG) - Get Report spiked after expanding a partnership with Walmart Stores Inc. (WMT) - Get Report . Plug Power will install and maintain its GenKey hydrogen fuel cells to up to 30 additional sites in North America over the next three years. Visa Inc. (V) - Get Report reported a quarterly beat on its top- and bottom-line. The credit card company reported a 38% increase in transactions processed over the three-month period.