(CNBC) U.S. stocks closed lower Thursday, snapping the Dow's nine-day winning streak, as oil prices weighed and the market consolidated ahead of next week's Fed meeting.
The Dow Jones industrial average closed nearly half a percent lower as Goldman Sachs led the index down and McDonald's had the most positive impact. The S&P 500 closed down fractionally, and health care and utilities were the only sectors in the green. The Nasdaq fell 16 points.
"We always like to say the market needs to digest its gains, and we've been due for a bit of a pullback," said Quincy Krosby, market strategist at Prudential Financial. "I think the market is on hold waiting to see what that Fed statement is going to say."
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