(CNBC) — U.S. stocks closed mostly lower on Wednesday on news that the European Central Bank revoked a waiver that allowed banks to use Greek government debt as collateral for loans. Only the Dow Jones Industrial Average managed to close higher by 0.04 percent.
Just before the news around 3:30 p.m., stocks had turned positive with the Dow jumping more than 100 points. The Dollar, Euro, and U.S. 10-year all spiked going into the close.
"News out of the Greece negotiation process is causing investors to take profits," said Art Hogan, chief market strategist at Wunderlich Securities.
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