(CNBC) — U.S. stocks closed mostly lower on Wednesday, with energy weighing, as oil prices fell sharply despite bullish inventories data.
"I think the market is trying to process the big question that we all have, and no, it's not the Fed," said Kim Forrest, senior equity analyst at Fort Pitt Capital. "The big question is: Is the economy getting better? We don't know."
The Dow Jones industrial average closed about 30 points lower, erasing earlier gains, with IBM contributing the most losses. At session highs, the Dow had risen 96.73 points. The S&P 500 fell less than 0.1 percent, as energy dropped more than 1 percent.
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