11 May 2017•Update: 11 May 2017
By Ovunc Kutlu
NEW YORK
Wall Street closed mixed Wednesday as a rise in oil prices was offset by investors' worries over the dismissal of FBI Director James Comey.
The Dow lost 32 points to end trading at 20,943, but the S&P rose two points to 2,399.
The Nasdaq increased eight points to finish the day at 6,129 -- a new all-time high.
President Donald Trump on Tuesday removed Comey as FBI chief in a move that caused turmoil in Washington.
Crude oil prices, on the other hand, gained more than 3 percent on Wednesday with a weak dollar and a decline in the U.S.' crude oil inventories.
At the final bell, the American benchmark West Texas Intermediate (WTI) was trading at $47.38 with a 3.2 percent gain. International benchmark Brent crude was up 3.1 percent at $50.26.
The U.S.' commercial crude oil inventories fell 5.2 million barrels last week, while the market expectation was a drop of 1.8 million barrels.
