Cabot Oil & Gas (COG), Range Resources (RRC), Chesapeake Energy (CHK), EOG Resources (EOG), Console Energy (CNX) Led the S&P 500

Stocks fell for the second straight session as continued violence in Libya fueled concerns about oil disruptions in the Middle East, sending oil prices up to two-and-a-half-year highs.

The Dow Jones Industrial Average dropped 107 points, or 0.9%, at 12,106. The S&P 500 finished lower by 8 points, or 0.6%, at 1,307, and the Nasdaq shed 33 points, or 1.2%, at 2,722.

The energy sector showed the mildest losses during Wednesday's session, with Chevron (CVX) and Exxon Mobil (XOM) trading at the top of the Dow along with Kraft Foods (KFT).

Market sentiment was bearish, with 61%, of shares trading on the New York Stock Exchange ending in the red while 36% advanced. Volume on the NYSE was 1.1 billion shares while 2.3 billion shares changed hands on the Nasdaq.




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