(CNBC) — Stocks closed lower on Wednesday as the recent rally in equities eased and investors digested falling oil prices, as well as quarterly results from retail firms.
The benchmark S&P 500 traded about 6 point lower, as energy — the biggest laggard — dropped about 1.5 percent.
"It looks like a normal, healthy pullback," said Adam Sarhan, CEO at Sarhan Capital. "Even under the surface, ... we see orderly selling."
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