Stocks Ended Another Record Highs on Strong Data

U.S. stocks ended slightly higher on Wednesday, to extend a run of record closing highs, as data on the services sector added to signs of strength in the economy. The Dow Jones Industrial Average rose 19.97 points, or 0.09%, to 22,661.64. The S&P 500 gained 3.16 points, or 0.12%, to 2,537.74. The Nasdaq Composite added 2.91 points, or 0.04%, to 6,534.63.

Oil prices fell on Wednesday after a surprising jump in U.S. crude exports to a record 2 million barrels per day fanned worries about global oversupply. November West Texas Intermediate crude shed 44 cents, or 0.9%, to settle at $49.98 a barrel. December Brent crude lost 20 cents, or 0.4%, to $55.80 a barrel.

Federal Reserve Chair Janet Yellen said the U.S. central bank has been working to ensure that regulations are tailored to the size, complexity and roles of the lenders it oversees.