US stocks end down slightly after early boost from Powell

The Dow Jones Industrial Average fell 47.12 points, or 0.15%, to 30,483.13, the S&P 500 .lost 4.9 points, or 0.13%, to 3,759.89 and the Nasdaq Composite .dropped 16.22 points, or 0.15%, to 11,053.08.The pan-European 600 index .lost 0.70% and MSCI's gauge of stocks across the globe shed 0.49%.

NEW YORK: Major U.S. stock indexes ended down slightly Wednesday, losingearly gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed" to bringing down inflation, while sharply lower oil prices weighed on energy shares.

The S&P 500 energy sector .SPNY was down 4.2%.