(CNBC) — U.S. stocks closed lower Wednesday in low volume trade as a decline in oil prices weighed.
The Dow Jones industrial average ended down more than 110 points as selling accelerated into the close. The S&P 500 closed about 0.7 percent lower, clinging to a year-to-date gain of about 0.2 percent.
"The real story of the day is oil's down 3 percent and that's been weighing all day. Not much to be read into this light volume (trading session)," said Peter Coleman, head trader at Convergex.
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