2017.08.2322:08:00UTC+00Wall Street Declines after Trump Threatens Government Shutdown

U.S. equities dropped on Wednesday after President Donald Trump said he is willing to let the government shutdown if Congress fails to fund a Mexico border wall.

The Dow Jones industrial average dropped 0.40 percent to 21,812.09, as Boeing and Johnson & Johnson contributed the most losses.

The S&P 500 slipped 0.35 percent to 2,444.04, as consumer discretionary and industrials led losses. The Nasdaq composite shed 0.30 percent to close at 6,278.41, with huge tech stocks like Amazon and Facebook retreating.

The CBOE Volatility index, a broadly-followed measure of market anxiety, rose 6.0 points to 12.03, its first increase in four days.

The consumer discretionary closed 0.8 percent lower, pulled down by a 3.71 percent loss in Lowe's Companies following weak results and forecast.

Home Depot fell 0.54 percent to $149.10.

Wal-Mart climbed earlier in the session after it announced a partnership with Google to offer voice shopping.

Advertising company Omnicom fell over 6.94 percent to $72.71 and Interpublic Group tumbled 6.32 percent to $72.71 after WPP trimmed its sales forecast after consumer goods giants tightened spending.