S&P 500, Dow close lower as investors await insights on Fed rates, data

The Dow Jones and S&P 500 closed lower on Wednesday, retreating from record highs influenced by China's stimulus package. Investors are now awaiting economic indicators and potential interest rate cuts. The Dow fell 293.47 points, while the S&P 500 lost 10.67 points. Nine out of eleven S&P sectors declined, with energy stocks leading the fall.