Indices ended to the downside on Wednesday. Boeing, General Electric, and JPMorgan Chase led the Dow lower. Concerns over the stability of Spain’s banking system and Greece’s future in the euro zone pressured trading. Meanwhile, the Commerce Department reported that wholesale inventories increased by 0.3% in March, which was shy of expectations for a 0.6% expansion, and followed a revised 0.9% gain in February. On another note, crude oil futures shed 22 cents to settle at $96.81 a barrel. Elsewhere, Teva Pharmaceutical reported respectable first-quarter earnings. Profit hit $859 million, or 97 cents a share, up from $761 million, or 84 cents, a year earlier. Looking ahead, Kohl’s and Nordstrom will issue earnings results tomorrow.
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