(CNBC) Stocks closed lower Thursday, after a sharp fall in oil prices, while investors parsed through key U.S. economic data, and digested a key European Central Bank decision on interest rates.
"You've got a back-and-forth with the data. One month you get strong economic data, and then another month it's weak," said Bruce McCain, chief investment strategist at Key Private Bank. "There's just no clear path [for the stock market]."
"We're playing the waiting game right now and stocks are kind of dragging along," said John Caruso, senior market strategist at RJO Futures.
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