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Stocks Decline as Crude Slides, Fed Summit Ticks Closer

Stocks sported slight losses by late-morning Wednesday as a greater build to inventories accelerated losses in crude oil.

The S&P 500 was 0.22% lower, the Dow Jones Industrial Average fell 0.24%, and the Nasdaq slid 0.18%.

Crude oil pulled lower after a weekly reading on U.S. oil inventories showed a build. The Energy Information Administration showed an increase of 2.5 million barrels of crude to stockpiles over the past week. Analysts had expected an increase of just 200,000 barrels.

West Texas Intermediate crude oil was down 3% to...