(CNBC) — U.S. stocks closed lower Wednesday, the last trading day of the month, as investors digested falling oil prices and looked ahead to Friday’s jobs report.
“We didn’t get a lot of information today, and part of what we’re trading on were the higher-than-expected oil inventories,” said Kim Forrest, senior equity analyst at Fort Pitt Capital. “A lot of our clients are looking at September and are a little worried.”
The Dow Jones industrial average fell more than 100 points in midday trade before holding about 50 points lower, with Boeing and Chevron contributing the most losses.
