New York, June 17 (Petra) -- The three major US stock indices closed lower on Wednesday, while the price of US benchmark West Texas Intermediate (WTI) crude settled at $76.12 per barrel.

At the close of trading, the Dow Jones Industrial Average dropped 507 points, or 0.98 percent, to finish at 51,492 points.

The tech-heavy Nasdaq Composite Index fell 354 points, or 1.34 percent, closing at 26,021 points.

Concurrently, the S&P 500 Index lost approximately 91 points, or 1.22 percent, to end the session at 7,520 points.

//Petra// AF