NEW YORK - Jabil Circuit Inc., Clear Channel Communications Inc. and Washington Mutual Inc. declined on Wednesday, weighing the Standard & Poor's 500 index to a lower finish.
The S&P 500 lost 11.86 to 1,341.13.
Jabil, which manufactures electronic components, declined $2.09, or 18.4 percent, to $9.29. Jabil warned that third-quarter earnings will miss Wall Street expectations.
Shares of radio station operator Clear Channel lost $5.64, or 17.3 percent, to $26.92, following reports that a proposed $19.5 billion buyout may fall through.
Washington Mutual retreated $1.20, or 9.5 percent, to $11.50, following other financial stocks lower.
Among the gainers, oil and gas producer Apache Corp. rose $6.81, or 6 percent, to $119.75, following lower-than-expected inventories of crude oil.
Freeport-McMoRan Copper & Gold Inc. rose $5.03, or 5.4 percent, to $97.44.
Oil service provider BJ Services Co. added $1.35, or 5.1 percent, to $27.78.

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