(CNBC) — U.S. stocks held lower and the Dow Jones industrial average fell as much as 113 points Wednesday as investors watched the elusive 20,000 mark slowly slip away.
The Dow could not avoid its second triple-digit loss since the election. The index closed 0.56 percent lower, at 19,833.68. Now, investors are beginning to lose hope in seeing the Dow hit 20,000 before New Year’s.
“I think Santa is checking into a home,” Art Cashin, director of floor operations at UBS said. When asked if the Dow would reach the 20,000 mark this year, he replied, “I don’t think so.”
