Wall Street ends largely lower

U.S. stock indices closed down on Wednesday after erasing earlier gains in the session amid uncertainty in the markets, which offsets the strong earnings results for major corporations, while investors await the path of U.S. president's Trump's proposal to cut corporate taxes to 15% from 35% in order to encourage them to bring back their investments aborad, while not mentioning how to do that without increasing the deficit. 

Dow Jones closed down 0.10%, or 21.03 points to 20,975.09, while Standard and Poor's 500 shed 0.05%, or 1.16 points to 2,387.45. NASDAQ Composite declined only 0.27 points to 6,025.23. 

Gold futures due on July 15 rose 0.24% to $1,270.30 an ounce from the opening of $1,267.20, while the dollar index shed 0.27% to 99.05 from the opening of 98.79. 

U.S. crude futures due on June 15 fell 0.59% to $49.27 a barrel from the opening of $49.56, while Brent crude futures due on July 16 gave up 1.07% to $51.54 a barrel from the opening of $52.10, shrugging off the earlier EIA report, which showed a more-than-expected inventory drawdown last week.