(CNBC) — U.S. stocks declined for a fourth session on Wednesday as December retail sales failed to live up to expectations and investors worried about global economic growth.
Stocks came off session lows as crude reversed higher and after the release of the Federal Reserve’s Beige Book, which had central bankers expressing hopes for better U.S. growth.
“The economy is slowly seeing signs of improving, the overall trend will continue to be modest improvement, but we will be hit with concerns,” Robert Pavlik, chief market strategist at Boston Private Wealth, said.
