U.S. stock markets fell sharply on Wednesday. The Dow Jones industrial average closed down 0.8 percent at 14,550.35. The Standard & Poor's 500 fell 1.1 percent to 1,553.69. The Nasdaq composite dropped 1.1 percent to 3,218.60.
Benchmark oil for May delivery was down 8 cents to $94.37 per barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $2.74, or 2.8 percent, to close at $94.45 a barrel on the Nymex on Wednesday.
In currencies, the euro fell slightly to $1.2842 from $1.2847 late Wednesday in New York. The dollar rose to 92.95 yen from 92.84 yen.
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