After spending the day with gains of between 0.2 and 0.5 percent, the key indices were slammed minutes before the bell and ended up in the red. The WWD Global Stock Tracker avoided the sell-off due to earlier market closes in Europe and Asia.
On light trading, the Dow Jones Industrial Average closed down 0.03 percent to 17,875.42 while the S&P 500 shed 0.21 percent to 2,076.33 while the Nasdaq lost 0.14 percent to 4,910.23. The WWD tracker finished up 0.23 percent to 116.05.
Earlier in the day, Wall Street was still riding high from yesterday’s rally fueled by evidence that the Federal Reserve would delay an interest rate hike. Trading was also leveraging a rise in crude oil — nearly 10 percent in two days — that was expected to help earnings of certain energy stocks, but by the afternoon profit-taking took hold and the bears won.