US Stocks Set To Snap Winning Streak, Treasuries Rally, Oil Tumbles: What's Driving Markets Wednesday?
U.S. stocks experienced a drop as of midday trading in New York, potentially ending a prolonged streak of consecutive daily gains as investors evaluate the economic outlook.
Commodity prices continued to weaken on Wednesday, with crude oil prices declining to as low as $75 per barrel, approaching levels last seen in mid-July.