Oil fell over 2% after the Energy Information Administration reported that crude inventories rose 3.0 million barrels, gasoline inventories rose 2.5 million barrels, and distillates fell 1.0 million barrels.
The U.S. dollar index continued to find gains on Powell’s optimistic economic outlook.
Treasuries traded mostly higher on poor economic data and month-end buying.
The Dow, Nasdaq, and S&P dropped roughly 1% by the close on wariness over oil’s decline.
Among the big names making news in the markettoday were Morgan Stanley, Comcast, Herbalife, Lowe's, Bayer, Ring, and Dick's Sporting Goods.
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