Stocks edged lower on Wednesday as a fall in the price of oil weighed on energy shares and Google Inc
Oil fell after an industry inventory report showed big jumps in stocks of refined products. That added to concern about Chinese moves to cool its economy by increasing reserve requirements at local banks, hitting commodity prices.
China is the most important in terms of driving economic growth around the world, said Peter Boockvar, equity strategist at Miller Tabak & Co in New York. I don't think people should ignore their attempts to cool things down now.
The Dow Jones industrial average <.DJI> dropped 10.65 points, or 0.10 percent, to 10,616.61. The Standard & Poor's 500 Index <.SPX> fell 2.96 points, or 0.26 percent, to 1,133.26. The Nasdaq Composite Index <.IXIC> lost 7.36 points, or 0.32 percent, to 2,274.95.
The S&P 500 energy sector <.GSPE> was the weakest performer, falling 0.9 percent and weighing on the wider market. Marathon Oil Corp
(Editing by Padraic Cassidy)