(CNBC) — U.S. stocks closed lower on Wednesday after an earlier than expected release of the Federal Reserve’s minutes, global growth concerns and a plunge in oil prices sent them for a wild ride.
The Dow Jones industrial average opened Wednesday trading by shedding over 150 points before falling over 225 points in late-morning trading, while the S&P 500 fell over 1 percent and the Nasdaq Composite traded below the 5,000 mark.
Nevertheless, the Dow Jones and the Nasdaq briefly turned positive while the S&P 500 pared most of its earlier losses after the Fed’s minutes release before going back down.
