JaysonPhotography/iStock/Thinkstock(NEW YORK) — The major indices closed lower on Wednesday, but the Dow Jones Industrial Average remained in range of the 20,000 mark.
The Dow dropped 32.53, closing at 19,942.09.
The Nasdaq dipped to 5,471.43 as the session closed, 12.51 off of its open, while the S&P 500 finished the day at 2,265.19, 5.57 lower than it began the day.
The day marked a pause in what has been a strong post-election rally for the stock market. The Dow set its 26th record of the year on Tuesday.
Benchmark crude oil closed down 81 cents to 52.49 per barrel.
Earnings reports from Nike showed it beat its second quarter expectations, but its stock is still down 17 percent this year.
FedEx saw its stock drop three percent after reporting disappointing earnings. That after a delivery truck was stolen this week in Arizona. The company is working to determine how many packages are missing.
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