Stock Market Today: Growth Concerns Get Bears Back on Board

Energy was the only sector in the black Wednesday as the broader stock market continued its up-and-down ways.

two bears peeking through trees in the woods
(Image credit: Getty Images)

The Wall Street roller coaster remains oiled up and operational as summer hits its stride, with stocks dipping down Wednesday amid a few worrisome signals.

U.S. crude oil futures gushed 2.3% higher, to $122.11 per barrel, after the Energy Information Administration said U.S. crude inventories dropped by 2 million barrels, and gasoline stocks dropped by 800,000 barrels, during the week ended June 3. That helped the energy sector finish ahead of its 10 other counterparts Wednesday, albeit with a mere 0.2% advance.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.