Wall St. Slips As Oil Prices Fall

US stocks closed lower on Wednesday after the release of Federal Reserve minutes faster than expected, due to concerns over global growth and the fall in oil prices which make them to return to the path attenuation.

The stock market had cut its losses when the Fed minutes showed policy makers assess the conditions for higher interest rates have not been adequate. While starting the reduced speculation the US central bank will Raise interest rates at the next meeting, a surprise devaluation of China continues to disrupt the assets of developing countries and threatens to slowdown in global growth in the midst of defeat in the commodities sector.

The S & P 500 ended with 17:31 points lower, or 0.8% at 2,079.61, after earlier break above MA S & P 200 index nearly erasing all of their losses after minutes released, before falling back. The Dow Jones Industrial Average fell 162.61 points, or 0.9%, to 17,348.73. And the Nasdaq composite index ending the day down 40.30 points, or 0.8% at 5,019.05.

Shares of Caterpillar Inc. and Freeport-McMoRan shares slipped as industrial and raw material prices fell more than 1%. Shares in the energy sector slipped to its greatest level since January due to an unexpected rise in US crude stocks sent oil prices to a bear market.