Energy stocks fell over 3% as oil prices dropped below $40 a barrel -levels not seen since August, 2015. Wall Street suffered losses across the board as the Dow finished in negative territory for the year after Fed Chair Janet Yellen supported the case for a rate hike at the Fed’s December meeting but reiterated that the decision will be dependent on current economic and financial data. The Federal Open Market Committee meets Dec. 15th to the 16th and could raise short-term interest rates for the first time in nearly a decade. By the end of the trading day the Dow Jones Industrial Average lost more than 150 points closing at 17,729.
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Here are the final numbers from Wednesday, 12/2/15 on Wall Street:
Dow Jones Industrial Average: 17,729.68 (-158.67/ -0.89%)
NASDAQ: 5,123.22 (-33.08 / -0.64%)
S&P 500: 2,079.51 (-23.12 / -1.10%)