Indices closed in red territory on Wednesday. Financial brands led the way lower on the S&P 500 amid continued trade tussling. JPMorgan shares dipped 1.50%. The bank is changing its operations in China in anticipation of regulatory changes in the country. On another note, Walt Disney shed 0.28%. The company won U.S. antitrust approval for its $71 billion purchase of 21st Century Fox Inc.’s entertainment assets, raising the bar for any potential rival bids from Comcast. In other news, crude oil prices ramped up. West Texas Intermediate crude tacked on 1.5% today to settle at $71.59 a barrel.