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US stocks slid on Wednesday as oil prices continued taking the path of negative territory, pinning down the energy sector.
Crude futures for August settlement tumbled 2.3%, closing at $42.53 a barrel, its weakest since August. Previously, oil prices erased over 2% and entered a bear market.
The Dow Jones stood at 21,410.03, down 0.3%, with over half of the blue-chip shares losing. Also, the S&P 500 closed at 2,435.61, down by less than 0.1%, with eight major sectors scoring losses. But a leap in biotechnology stocks made the Nasdaq Composite trade at 6,233.95, up 0.7%.
Main US equity indices suffered as oil's sharp plunge pushed energy shares down. Previously, the EIA unveiled that crude supply decreased by 2.5 million barrels.
