Energy Drags Wall Street lower; S&P Down slightly in August

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Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February. The Nasdaq gained 1 percent in August and the S&P shed 0.1 percent, speaking to stocks' resiliency after the S&P hit an all-time high mid-month. 

It ended Wednesday within 1 percent of its record close. The energy sector of the S&P 500 ended 1.4 percent lower on Wednesday, its largest daily decline in three weeks, as US crude futures CLc1 fell more than 3 percent. 

Data earlier showed the private sector created 177,000 jobs in August, in line with expectations, and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. The strong numbers sharpened the focus on Friday's payrolls report.

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