During more than a week of stock market sell-offs, investors have been exhorted to use declines to pick up bargains - and with a 7.7 percent drop on the S&P 500 since August 17, stocks have certainly gotten less expensive.
The Dow Jones industrial average fell 955.93 points, or 5.81 percent, to 15,503.82, the S&P 500 lost 94.92 points, or 4.82 percent, to 1,875.97 and the Nasdaq composite dropped 378.08 points, or 8.03 percent, to 4,327.96.
US stocks followed European equity markets lower Wednesday, dropping sharply on signs of fresh problems in talks between Greece and its international creditors aimed at preventing a Greek debt default.
The Dow Jones industrial average fell 25.66 points, or 0.14 percent, to 18,090.18, the S&P 500 lost 1.48 points, or 0.07 percent, to 2,119.76 but the Nasdaq Composite added 6.43 points, or 0.13 percent, to 5,139.38.
Stocks on Wall Street rallied and oil prices jumped as much as 6 percent on Wednesday after the Federal Reserve indicated it preferred a more gradual path to normalizing US interest rates even as it moved towards its first rate hike in almost a decade.