US stock markets settled lower on Wednesday, slumping in a broad decline as the market's multiweek rally-which has taken indexes to repeated records and the Dow within mere points of the 20,000 milestone-stalled.

The Dow Jones Industrial Average lost 111.36 points or 0.56 percent to settle at 19,833.68. NASDAQ 100 index lost 39.52 points or 0.8 percent to close at 4,926.29. The broader S&P 500 index declined 18.96 points or 0.84 percent to end at 2,249.92.