U.S. stocks traded lower midway through Wednesday trading, with the Nasdaq Composite down around 200 points. The Dow fell 0.77% to 52,380.01, the Nasdaq declined 0.81% to 26,208.49 and the S&P 500 dropped 0.58% to 7,629.43. Energy shares gained 1%, while consumer discretionary stocks fell 1.6%. Core & Main reported second-quarter earnings and sales above analyst estimates. Signet Jewelers, Opus Genetics and Oddity Tech rose sharply, while Green Circle Decarbonize Technology, Casey's General Stores and ServiceTitan declined. Oil climbed 3.6% to $96.34, and European shares were broadly lower. Asian markets mostly fell, while mortgage applications decreased 2.7% during the first week of September.