Stocks Ended Lower after Disappointing Earnings

U.S. stocks closed lower on Wednesday following a string of disappointing earnings results. The Dow Jones Industrial Average fell 112.30 points, or 0.48%, to 23,329.46. The S&P 500 lost 11.98 points, or 0.47%, to 2,557.15. The Nasdaq Composite dropped 34.54 points, or 0.52%, to 6,563.89.

The U.S. oil benchmark settled lower Wednesday as domestic crude supplies marked their first rise in five weeks, but data also revealed hefty declines in both gasoline and distillate stockpiles. December West Texas Intermediate crude fell 29 cents, or 0.6%, to settle at $52.18 a barrel. December Brent crude edged up by 11 cents, or 0.2%, to end at $58.44 a barrel.