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The Economic Times

US stocks: S&P 500, Nasdaq retreat from records as oil and Treasury yields rebound

Oil United States Nvidia Micron Technology US Federal Reserve

The US's main indexes fell on Wednesday, with the S&P 500 and Nasdaq retreating from record highs as rebounding oil prices and Treasury yields dampened risk appetite ahead of the Federal Reserve’s September meeting minutes.

Meanwhile, the Dow Jones Industrial Average fell 472.21 points, or 0.92%, to 51,049.07. The S&P 500 declined 44.80 points, or 0.56%, to 7,775.04, while the Nasdaq Composite dropped 235.16 points, or 0.85%, to 27,364.73.

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