U.S. stocks slumped on Wednesday after an early rally fizzled. The declines were led by energy stocks as the price of crude oil fell sharply. Traders also worried that a report showing that the number of available jobs soared in July could convince Federal Reserve policymakers to raise interest rates later this month.

U.S. stocks slumped on Wednesday after an early rally fizzled. The declines were led by energy stocks as the price of crude oil fell sharply. Traders also worried that a report showing that the number of available jobs soared in July could convince Federal Reserve policymakers to raise interest rates later this month.

For the day:

The Dow fell 239.11 points, or 1.5 percent, to 16,253.57.

The Standard & Poor's 500 index dropped 27.37 points, or 1.4 percent, to 1,942.04.

The Nasdaq composite dropped 55.40 points, or 1.2 percent, to 4,756.53.

For the week:

The Dow is up 151.19 points, or 0.9 percent.

The S&P 500 index is up 20.82 points, or 1.1 percent.

The Nasdaq is up 72.61 points, or 1.6 percent.

For the year:

The Dow is down 1,569.50 points, or 8.8 percent.

The S&P 500 index is down 116.86 points, or 5.7 percent.

The Nasdaq is up 20.47 points, or 0.4 percent.