Shutterstock photo(RTTNews.com) - While trading activity has remained somewhat subdued, stocks have moved modestly lower over the course of the trading session on Wednesday. Sector NewsEnergy stocks have shown a significant move to the downside on the day amid the steep drop by the price of crude oil. The weakness that has emerged on Wall Street comes amid a sharp drop by the price of crude oil, with crude for August delivery tumbling $1.99 to $44.81 a barrel. Considerable weakness has also emerged among biotechnology stocks, as reflected by the 1.8 percent loss being posted by the NYSE Arca Biotechnology Index. Other MarketsIn overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Wednesday.

Source: Mid-Day July 13, 2016 15:56 UTC