Stocks Slip

Indices closed in red territory on Wednesday. Brands took a breather amid a jump in oil inventories and other economic news. Energy Information Administration data showed crude oil reserves rose by 10.3 million barrels last week, versus an uptick of 8.4 million barrels in the prior week, twice the expected increase of 4.2 million barrels.

New Record Highs

Indices closed in the green zone on Monday. The Dow and S&P 500 traded up to new record highs. The Nasdaq tacked on gains to close over the 5k level for the first time in 15 years. Technology brands such as Intel, Avago Technologies, and Texas Instruments stepped up, while energy stocks such as Exxon Mobil, Chevron and Total took a breather today.