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Dow sheds 135, closes at lowest level in 3 weeks

(CNBC) — U.S. stocks closed lower on Wednesday as the current bull market showed signs of slowing down.

The Dow Jones industrial average fell 138.19 points to close at 23,271.28, with Caterpillar contributing the most to the losses. The 30-stock index briefly fell 166 points, but a 2 percent rebound in GE shares helped it cut losses.

The S&P 500 fell 0.55 percent to close at 2,564.62, with energy declining 1.2 percent. Energy stocks were pressured by a drop in oil prices.

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