Stocks - Energy Shares Pull Wall Street Lower

Investing.com - Stocks pulled back modestly on Wednesday, dragged down by declines in energy and financial stocks.

The S&P 500 fell 0.2%, while the Nasdaq Composite dropped 0.38%. The Dow Jones industrials fell 0.17%. Stocks globally were mostly lower as well.

The S&P 500's weak link was energy shares, especially oil-and-gas production and oil services companies as oil prices tumbled. Halliburton (NYSE:HAL) and Schlumberger (NYSE:SLB) were among the most prominent decliners.

Crude oil prices fell up to 4%, with Brent crude, the global benchmark, finishing at $59.97 a barrel as traders worried about a supply glut. Meanwhile, the key 10-year Treasury yield fell to 2.127% as interest rates mostly worked lower.

Also moving lower were Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Wells Fargo (NYSE:WFC).

Facebook (NASDAQ:FB) was off 1.7% on more worries about privacy concerns, and Tesla (NASDAQ:TSLA) fell more than 3.6%, mostly due to profit-taking after its annual meeting on Tuesday.

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