Wednesday, the Dow fell 333.75 points (1.23%) to finish at 26,864.27, the NASDAQ closed 98.20 points (1.19%) lower at 8,175.42, and the S&P 500 decreased 32.80 points (1.09%) to 2,980.38. The Russell 2000 was down 10.99 points (0.69%) at 1,574.61, and the Wilshire 5000 lost 320.60 points (1.03%) to finish at 30,684.75.

The price of the 10-year Treasury note increased 26/32, bringing its yield down to 2.010%. The price of the 30-year Treasury bond climbed 1 3/32, decreasing its yield to 2.522%.

ON THIS DATE: In 1774, oxygen was isolated from air successfully by chemist Carl Wilhelm and scientist Joseph Priestly. In 1790, the first U.S. census was completed with a total population of 3,929,214 recorded. The areas included were the present states of Connecticut, Delaware, Georgia, Kentucky, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, North Carolina, South Carolina, Tennessee, Vermont and Virginia. In 1876, Colorado became the 38th state to join the United States. In 1893, shredded wheat was patented by Henry Perky and William Ford. In 1907, the U.S. Army established an aeronautical division that later became the U.S. Air Force. In 1943, in the Solomon Islands, the U.S. Navy patrol torpedo boat PT-109 sank after being hit by the Japanese destroyer Amagiri. The boat was under the command of Lt. John F. Kennedy. Eleven of the thirteen crew survived. In 1944, in Warsaw, Poland, an uprising against Nazi occupation began. The revolt continued until October 2 when Polish forces surrendered. In 1946, the Atomic Energy Commission was established. In 1956, the Social Security Act was amended to provide benefits to disabled workers ages 50 to 64 and disabled adult children. In 1993, Reggie Jackson was admitted into the Baseball Hall of Fame in Cooperstown, New York. In 1995, Westinghouse Electric Corporation announced a deal to buy CBS for $5.4 billion.