The S&P 500 notched its first three-day losing streak in almost six weeks on Wednesday, as declines for US stocks accelerated in late trading.
The benchmark index closed 0.4 per cent lower for its first three-session fall since late October. The tech-heavy Nasdaq Composite declined 0.6 per cent.
Energy was the S&P 500’s worst-performing sector. US oil benchmark West Texas Intermediate settled 4.1 per cent lower at $69.38 a barrel, its biggest one-day drop in more than two weeks and bringing it below $70 for the first time since June.
The yield on US two-year note was up 0.02 percentage points to 4.6 per cent, indicating a reject in the debt’s price. The 10-year yield dropped 0.06 percentage points to 4.11 per cent.
