U.S. stocks tumbled at open on Wednesday, suggesting the volatility of the past couple weeks was set to continue. The Dow Jones Industrial Average lately fell 733.13 points, or 2.93%, to 24,285.03. The S&P 500 was down 85.13 points, or 2.95%, to 2,797.10. The Nasdaq Composite declined 220.36 points, or 2.64%, to 8,123.89.
Oil futures saw renewed pressure Wednesday after Saudi Arabia moved to increase crude output capacity. West Texas Intermediate crude for April delivery dropped $1.04, or 3%, to $33.32 a barrel. May Brent crude dropped $1.29, or 3.5%, to $31.60 a barrel.
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