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U.S. stocks traded lower Wednesday, weighed by a decline in oil prices, as investors awaited weekly crude inventories.
The Dow Jones industrial average removed 40.51 points to 17,680.47, with Exxon Mobil leading decliners and Nike the greatest advancer.
The S&P 500 lost 6.61 points to 2,071.75, with energy leading nine sectors lower and utilities the only advancer.
The NASDAQ index deleted 19.95 points to 5,087.99.
As of Tuesday's close, the S&P 500 was up nearly 1% year to date, while the Dow was down 0.6% for the year so far. The NASDAQ was up 7.9% for 2015.
Pending home sales fell 0.9% in November from an upwardly revised October reading, according to the National Association of Realtors.
Weekly crude oil inventories were due at 10:30 a.m.
Prices for the 10-year Treasury fell slightly, lifting yields to 2.31% from Tuesday’s 2.3%. Treasury prices and yields move in opposite directions.
Oil prices fell $1.03 a barrel to $36.84 U.S.
Gold prices slipped $8.20 to $1,060.91 U.S. an ounce.
