U.S. stocks ended sharply lower on Wednesday, with the Dow dropping more than 600 points. The Dow Jones Industrial Average fell 608.01 points, or 2.41%, to 24,583.42. The S&P 500 plunged 84.59 points, or 3.09%, to 2,656.10. The Nasdaq Composite tumbled 329.14 points, or 4.43%, to 7,108.40.
U.S. oil futures settled higher on Wednesday, as domestic gasoline stockpiles posted a drop that was three times bigger than expected. December West Texas Intermediate crude rose 39 cents, or 0.6%, to settle at $66.82 a barrel. December Brent crude lost 27 cents, or nearly 0.4%, to finish at $76.17 a barrel.
Microsoft (MSFT) announced its Q1 2019 earnings on Wednesday, beating analysts’ projections. The tech giant reported earnings of $1.14 per share on $29.1 billion in revenue.
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