The New York equities markets were down on Wednesday on soaring crude oil prices, the Federal Reserve’s interest rate hike on Tuesday, and on stocks that lost from gains in Tuesday’s trade.

The Dow Jones Industrial Average declined by 0.2 percent to 10,594.49, the Nasdaq composite was down 0.8 percent to 2,157.81, and the S&P 500 lost 0.2 percent to 1,229.18.

Among gainers Tuesday that lost share value on Wednesday were Cisco Systems and Walt Disney. Cisco Systems was down 6.9 percent to $18.25, while Walt Disney declined by 2.6 percent to $25.47.

Analysts think that more interest rate hikes and continuing gains in crude oil prices will tend to drag down the equities markets.

One analyst was quoted as saying that as higher crude oil prices translate into higher prices to consumers, inflation will rise and the markets will feel that rise.

Among others gainers and losers on the day, mortgage group Fannie Mae lost 3.8 percent to $52.70 when it announced that it had missed its deadline to file its quarterly earnings report with the Securities and Exchange Commission.

Radio stations owner Clear Channel gained 0.5 percent to $33.92 on the news that it would spin off its billboard advertising business in an initial public offering that could be worth as much as $350 million. It also said that it would spin off its live entertainment business.

Meanwhile, Maytag gained 1.9 percent to $19 and Whirlpool lost 1.8 percent to $81.53 when Whirlpool again raised its bid for Maytag, by another $1 to $21 per share.