Stocks Ended Lower on Escalating Trade Worries

U.S. stocks ended lower on Wednesday, pressured by escalating global tariff worries. The Dow Jones Industrial Average fell 137.51 points, or 0.54%, to 25,162.41. The S&P 500 lost 21.59 points, or 0.76%, to 2,818.37. The Nasdaq Composite dropped 96.78 points, or 1.23%, to 7,774.12.

Oil futures fell sharply Wednesday, leaving the U.S. benchmark with its lowest close in 10 weeks after data showed an unexpected and surge in U.S. crude inventories. West Texas Intermediate crude for September delivery fell $2.03, or 3%, to settle at $65.01 a barrel. October Brent crude dropped $1.70, or 2.4%, to $70.76 a barrel.

Cisco Systems Inc (CSCO) reported quarterly revenue above Wall Street estimates on Wednesday. Net income rose to $3.80 billion, or 81 cents per share, in the fourth quarter ended July 28, from $2.42 billion, or 48 cents per share, a year earlier. Total revenue rose to $12.84 billion from $12.13 billion.

Best Buy Co. Inc. (BBY) said late Wednesday it has agreed to buy GreatCall Inc., a provider of personal emergency services to the elderly, for $800 million in cash.