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Dow Under Pressure as Crude Oil Politics Strangles Stock Rally

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By CCN: The Dow and broader U.S. stock market drifted lower Wednesday, pressured by a sharp decline in energy shares after government data showed a surprise build-up in commercial crude inventories. Dow Slides; S&P 500, Nasdaq Follow All of Wall Street’s major indexes traded in negative territory, mirroring a skittish start to the day for Dow futures. The Dow Jones Industrial Average was off by as much as 84 points. It would later pare losses to settle down 59.34 points, or 0.2%, at 26,597.05. Chevron Corp (CVX) and Exxon Mobil Corp (XOM) were among the biggest losers. The broad S&P

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* First published on ccn.com

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