European stocks were mixed in midday trading and Asian markets ended lower.
The national average price for a gallon of gasoline was up today to $3.911, up $0.013 from yesterday.
The dollar was down against the euro and Japanese yen, but was up against the British pound.
Oil for May delivery dropped $1.24 to $106.09 a barrel.
Gold futures for April delivery dropped $11.30 to $1,673.60 an ounce.
The price on the benchmark 10-year U.S. Treasury was down, pushing the yield up to 2.22% from 2.19% late Tuesday.
Earnings reports (confirmed releases): MOS-Mosaic (earnings consensus $0.69), PAYX-Paychex (0.37), RHT-Red Hat (0.27), FDO-Family Dollar Stores (1.13), HII-Huntington Ingalls Industries (0.94), CMC-Commercial Metals (0.09), FUL-HB Fuller (0.37), PRGS-Progress Software (0.25), UNF-Unifirst (0.88), VRNT-Verint Systems (0.68), TXI-Texas Industries (-0.82), LNN-Lindsay (0.82), TEA-Teavana Holdings (0.31), NGL-NGL Energy Partners LP (0.68), RECN-Resources Connection (0.08).
0700 ET Weekly MBA mortgage applications, previous -7.4% with purchase mortgage sub-index -1.0% and refinancing sub-index -9.3%.
0830 ET Feb durable goods orders expected +3.0% and +1.7% ex transportation, Jan -3.7% and -3.0% ex transportation.
1300 ET Treasury auctions $35 billion 5-year T-notes.