Wall Street closes lower with oil decline

By Ovunc Kutlu

NEW YORK

Wall Street closed lower Wednesday with losses by major companies and crude oil prices.

The Dow fell 59 points to end the day at 20,591 and the S&P 500 lost eight points to 2,344.

The Nasdaq decreased 30 points to finish trading at 5,836.

At the final bell, American benchmark West Texas Intermediate was at $52.92 — a 0.9 percent decline, while international benchmark Brent crude traded at a 1 percent loss at $55.67.

Shares of Tesla fell 3.9 percent, while Wells Fargo was down 1.9 percent.