The U.S. stock market fell for most of Wednesday's trading session, finishing near its worst levels of the day.

The Dow shed more than 100 points, while the S&P and Nasdaq recorded relatively smaller losses.

While stocks were weak on the session, commodities were largely higher. Both long-term Treasuries and the U.S. Dollar were largely unchanged on the day.

Major Averages

The Dow Jones Industrial Average lost 113 points, or 0.73 percent, to close at 15,338.

The S&P 500 lost 9 points, or 0.52 percent, to finish at 1,685.

The Nasdaq fell 15 points, or 0.41 percent, to 3,669.


Producer prices were unchanged in July after rising 0.8 percent in June. This compared to consensus expectations of a rise of 0.3 percent.

On a core basis, which excludes volatile food and energy costs, PPI was up 0.1 percent last month. This compares to a 0.2 percent gain in June and consensus estimates calling for a 0.2 percent gain in July.

Related: Facebook's Sheryl Sandberg sells nearly $100 million worth of shares.


Crude oil prices were mixed late on Wednesday. At last check, NYMEX crude futures were down 0.2 percent to $106.81 while Brent crude contracts had risen 0.32 percent to $110.17. Natural gas jumped 1.77 percent on the day to $3.34.

Precious metals rose on Wednesday despite a decline for stock prices. Heading into the close, COMEX gold futures were up 1.04 percent to $1,334.20. Silver contracts had risen 2.14 percent to $21.80. Copper futures added 0.59 percent to $3.3420.

The grains complex was also largely higher on the day. Corn futures climbed 1.79 percent while wheat was last trading up 0.19 percent. Movers in soft commodities included cocoa and coffee. Cocoa jumped 1.51 percent while coffee was trading up 1.70 percent.


After a steep sell-off on Tuesday, long-term Treasuries were mostly unchanged on Wednesday. Near the closing bell, the iShares Barclays 20+ Year Treasury Bond ETF (NYSE: TLT) was up 0.11 percent to $105.11.

Yields were as follows on Wednesday afternoon: The 2-Year Note was yielding 0.33 percent while the 5-Year Note was yielding 1.47 percent. The 10-Year Note and 30-Year Bond were yielding 2.71 percent and 3.75 percent, respectively.

Related: Playstation 4 rumored to be doing brisk sales.


The U.S. Dollar was also largely unchanged on the session. Heading into the close of equities, the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP), which tracks the performance of the greenback versus a basket of foreign currencies, was down 0.02 percent to $22.09.

The closely watched EUR/USD pair was last trading down 0.01 percent to $1.3259. Other movers included the GBP/USD, which rose 0.39 percent, and the AUD/USD, which added 0.46 percent.

Volatility and Volume

The CBOE Volatility Index (VIX) rose a little less than 5 percent on the session. The closely watched barometer of volatility expectations finished the day at 12.88.

Volume remained lighter than usual on Wednesday. Around 67 million SPDR S&P 500 ETF (NYSE: SPY) shares traded hands compared to a 3-month daily average of 133 million.

Stock Movers

Brocade Communications (NASDAQ: BRCD) climbed nearly 16 percent during Wednesday's trading session after the company released better-than-expected third-quarter earnings results.

MannKind (NASDAQ: MNKD) jumped almost 10 percent on the session after releasing positive late stage trial results for its diabetes drug Afrezza.

A recent rally in shares of WageWorks (NASDAQ: WAGE) continued on Wednesday after the company priced an offering of common stock. The shares were last up a little less than 12 percent late in the day.

Shanda Games (NASDAQ: GAME) jumped around 11 percent on the session after opening the day near the unchanged mark. The reason for the activity in the stock was not immediately obvious.

First Majestic Silver (NYSE: AG) jumped a little less than 10 percent on Wednesday after the company's fiscal second-quarter earnings results.

Silver Spring Networks (NYSE: SSNI) plunged around 30 percent on the session after the company's partnership with Vodafone failed to win an important telecom contract from the U.K. government.

Cree (NASDAQ: CREE) lost more than 22 percent on the day after the company's fourth-quarter earnings failed to impress investors.

Chinese ADR E-Commerce China Dangdang (NASDAQ: DANG) lost around 12 percent on now significant news on Wednesday.

A day after a sharp rally, Renren (NYSE: RENN) was hit by profit taking. The shares closed lower by more than 8 percent.

T-Mobile remains a takeover target.

Related Articles
  1. Mutual Funds & ETFs

    ETF Analysis: Direxion Daily S&P Biotech Bull 3X

    Learn more about the Direxion Daily S&P Biotech Bull 3x exchange-traded fund, a new triple-leveraged ETF tracking biotechnology equities.
  2. Mutual Funds & ETFs

    ETF Analysis: First Trust Health Care AlphaDEX

    Learn more about the First Trust Health Care AlphaDEX exchange-traded fund, an indexed fund that uses an advanced stock selection methodology.
  3. Mutual Funds & ETFs

    ETF Analysis: PowerShares FTSE RAFI Emerging Mkts

    Learn more about the PowerShares FTSE RAFI Emerging Markets ETF, a fundamentally weighted fund that tracks emerging market equities.
  4. Mutual Funds & ETFs

    ETF Analysis: iShares Cali AMT-Free Muni Bond

    Learn more about the iShares California AMT-Free Municipal Bond exchange-traded fund, a popular tax-advantaged ETF that dominates its category.
  5. Mutual Funds & ETFs

    ETF Analysis: SPDR S&P Emerging Markets Dividend

    Learn more about the SDPR S&P Emerging Markets Dividend Fund, a yield-focused exchange-traded fund tracking global emerging economies.
  6. Mutual Funds & ETFs

    ETF Analysis: First Trust Dow Jones Global Sel Div

    Find out about the First Trust Dow Jones Global Select Dividend Index Fund, and learn detailed information about characteristics and suitability of the fund.
  7. Mutual Funds & ETFs

    ETF Analysis: U.S 12 Month Natural Gas

    Learn about the United States 12 Month Natural Gas Fund, an exchange-traded fund that invests in 12-month futures contracts for natural gas.
  8. Mutual Funds & ETFs

    ETF Analysis: iShares Floating Rate Bond

    Explore detailed analysis and information of the iShares Floating Rate Bond ETF, and learn how to use this ETF as a defense against rising interest rates.
  9. Mutual Funds & ETFs

    ETF Analysis: ProShares UltraPro Short S&P500

    Find out information about the ProShares UltraPro Short S&P 500 exchange-traded fund, and learn detailed analysis of its characteristics and suitability.
  10. Mutual Funds & ETFs

    ETF Analysis: SPDR Barclays Investment Grd Fl Rt

    Learn more about the SPDR Barclays Investment Grade Floating Rate Fund, which tracks an index of highly rated floating debt securities.
  1. Exchange-Traded Fund (ETF)

    A security that tracks an index, a commodity or a basket of assets ...
  2. Exchange-Traded Mutual Funds (ETMF)

    Investopedia explains the definition of exchange-traded mutual ...
  3. Fractal Markets Hypothesis (FMH)

    An alternative investment theory to Efficient Market Hypothesis ...
  4. Lion economies

    A nickname given to Africa's growing economies.
  5. Factor Investing

    An investment strategy in which securities are chosen based on ...
  6. Reverse Gold ETF

    Exchange traded funds that are designed to trade in a direction ...
  1. What does a high turnover ratio signify for an investment fund?

    If an investment fund has a high turnover ratio, it indicates it replaces most or all of its holdings over a one-year period. ... Read Full Answer >>
  2. Does index trading increase market vulnerability?

    The rise of index trading may increase the overall vulnerability of the stock market due to increased correlations between ... Read Full Answer >>
  3. What is the difference between passive and active asset management?

    Asset management utilizes two main investment strategies that can be used to generate returns: active asset management and ... Read Full Answer >>
  4. Is there a situation in which wash trading is legal?

    Wash trading, the intentional practice of manipulating a stock's activity level to deceive other investors, is not a legal ... Read Full Answer >>
  5. Are there leveraged ETFs that follow the retail sector?

    There are many exchange-traded funds (ETFs) that track the retail sector or elements of the retail sector, and some of those ... Read Full Answer >>
  6. What are some of the most popular ETFs that track the retail sector?

    Some of the most popular exchange-traded funds (ETFs) that track the retail sector include the iShares S&P Global Consumer ... Read Full Answer >>

You May Also Like

Trading Center

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!