(CNBC) — U.S. stocks closed lower by nearly 1.5 percent or more on Wednesday as continued concerns about Greece and the extended selloff in the Chinese market weighed on investor sentiment. Stocks trimmed losses as the New York Stock Exchange resumed floor trading after a near-4 hour halt.
The Dow Jones industrial average and S&P 500 closed below their 200-day moving average.
"I think it's just a combination of things. Greece is still a concern. China is new, and the Fed (is still out there)," said Art Hogan, chief market strategist at Wunderlich Securities. "Energy didn't get a sustained rally either and that's not helping."
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