Closing Bell: Stocks Slump as Dow Dodges 20,000 Mark, All S&P 500 Sectors Negative

Stocks slump as markets close out Wednesday afternoon in negative territory.
Author:
Publish date:

Stocks slid deeper into the red on Wednesday afternoon as the Dow Jones Industrial Average fell, putting the 20,000 milestone farther out of reach, while all S&P 500 sectors slumped. Crude oil prices were in positive territory for the fourth consecutive session as investors anticipated lower global oil production based on an agreement by OPEC. Kate Spade (KATE)  shares popped after T he Wall Street Journal reported the apparel and accessories company is working with bankers on potentially putting itself up for sale. Finally, Qualcomm (QCOM) - Get Report was fined $853 million by the South Korean Fair Trade Commission. The watchdog says the digital communications technology company violated antitrust and competition laws with its patent license agreements.