Stocks Ended Lower on Renewed Trade Jitters

U.S. stocks ended lower on Wednesday, reversing earlier gains on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies. The Dow Jones Industrial Average fell 165.52 points, or 0.68%, to 24,117.59. The S&P 500 lost 23.43 points, or 0.86%, to 2,699.63. The Nasdaq Composite dropped 116.54 points, or 1.54%, to 7,445.09.

Oil prices rallied Wednesday, with the U.S. benchmark settling at its highest since 2014 as domestic crude supplies notched their biggest weekly drop of the year so far. August West Texas Intermediate crude tacked on $2.23, or 3.2%, to settle at $72.76 a barrel. August Brent crude settled $1.31, or 1.7%, at $77.62 a barrel.