Wall Street closed slightly lower on Wednesday in a choppy session of trading. The fear of a recession continued to influence trading as investors grappled to price in an imminent economic downturn. Two of the three major indexes ended in the red, while one closed flat.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) closed flat at 33,597.92 points. Fifteen components of the 30-stock index ended in negative territory, while 15 ended in the positive.
The S&P 500 lost 0.2% or 7.34 points to close at 3,933.92 points. Eight of the 11 broad sectors of the benchmark index ended in negative territory. The Consumer Discretionary Select Sector SPDR (XLY), the Communication…