(CNBC) — U.S. stocks declined on Wednesday, with Wall Street retreating after a sixth day of gains for the S&P 500 and Nasdaq, after data had new home sales declining in March and companies including Boeing and AT&T reported quarterly results.
"We've rallied for six consecutive days. You know what you're supposed to do on the seventh," said Elliot Spar, market strategist at Stifel, Nicolaus & Co.
"Earnings are coming out, and for the most part are either mixed or positive," said Stephen Carl, head equity trader at Williams Capital Group.
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