U.S. stocks dropped on Wednesday, with the S&P 500 and Dow giving back gains after rising for back-to-back sessions.
The S&P 500 fell over 1% on Wednesday, while the Dow and S&P 500 both lost more than 0.7%. The small-cap Russell 2000 was the day’s biggest laggard, falling over 1.5% at session lows. All three major averages had kicked off this week with gains, rising on both Monday and Tuesday.
West Texas intermediate crude oil prices (CL=F) rose above $122 per barrel to reach the highest…
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