Wednesday, the Dow lost 111.36 points (0.56%) to close at 19,833.68, the NASDAQ closed 48.89 points (0.89%) lower at 5,438.56, and the S&P 500 decreased 18.96 points (0.84%) to 2,249.92. The Russell 2000 was down 16.88 points (1.23%) at 1,360.82, and the Wilshire 5000 fell 207.65 points (0.88%) to 23,525.65.

On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with declining issues outnumbering advancing issues nearly 3 to 1 on both exchanges.

ON THIS DATE: In 1813, the British burned Buffalo, New York, during the War of 1812. In 1845, U.S. President James Polk signed legislation making Texas the 28th state of the United States. In 1848, U.S. President James Polk turned on the first gas light at the White House. In 1851, the first American Young Men’s Christian Association (YMCA) was organized, in Boston. In 1934, the first regular-season, college basketball game was played at Madison Square Garden in New York City. New York University defeated Notre Dame 25 to 18. In 1949, KC2XAK of Bridgeport, Connecticut, became the first ultrahigh frequency (UHF) television station to begin operating on a regular daily schedule. In 1952, the first transistorized hearing aid was offered for sale by Sonotone Corporation. In 1972, following 36 years of publication, the last weekly issue of “LIFE” magazine hit the newsstands. The magazine later became a monthly publication.