U.S. stocks ended a strong 2014 with moderate declines Wednesday. There was no major catalyst for Wednesday's selling. Trading has been slow all week because of the holidays and most fund managers have closed their books for the year. Energy companies fell as the price of oil declined yet again.
Markets will be closed Thursday for New Year's Day. They will resume a regular schedule on Friday.
On Wednesday:
The Dow Jones industrial average fell 160 points, or 0.9 percent, to 17,823.07.
The Standard & Poor's 500 index lost 21.45 points, or 1 percent, to 2,058.90.
The Nasdaq composite fell 41.39 points, or 0.9 percent, to 4,736.05.
For the week:
The Dow is down 230.64 points, or 1.3 percent.