U.S. stocks traded lower toward the end of trading, with the S&P 500 falling more than 1% on Wednesday.

The Dow traded down 1.32% to 42,358.19 while the NASDAQ fell 2.06% to 18,190.21. The S&P 500 also fell, dropping, 1.33% to 5,773.33.

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Leading and Lagging Sectors

Real estate shares rose by 0.7% on Wednesday.

In trading on Wednesday, information technology shares fell by 2.1%.

Top Headline

U.S. crude oil inventories increased by 5.474 million barrels in the week ended Oct. 18, compared to market estimates of a 0.7 million gain.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded down 1.7% to $70.54 while gold traded down 1% at $2,732.70.

Silver traded down 3.4% to $33.835 on Wednesday, while copper fell 1% to $4.3350.

Euro zone

European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.30%, Germany's DAX fell 0.23% and France's CAC 40 fell 0.50%. Spain's IBEX 35 Index rose 0.27%, while London's FTSE 100 fell 0.58%.

Consumer confidence in the Eurozone rose by 0.4 points to a reading of -12.5 in October.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 1.27%, China's Shanghai Composite Index gaining 0.52% and India's BSE Sensex falling 0.17%.

Singapore's annual inflation rate eased to 2.0% in September versus 2.2% in the previous month.

Economics

• U.S. mortgage applications declined by 6.7% from the previous week during the third week of October, following a 17% dip in the earlier period.
• U.S. existing home sales declined 1% from the previous month to an annualized rate of 3.84 million in September.
• U.S. crude oil inventories increased by 5.474 million barrels in the week ended Oct. 18, compared to market estimates of a 0.7 million gain.

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