| Dow | 11,825.29 | -12.64 | -0.11% |
By: Abby Schultz, JeeYeon Park
Stocks closed lower Wednesday following a handful of weak earnings results in the financial sector and strong results from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading.
The Dow Jones Industrial Average fell 12.64 points, or 0.1 percent, to close at 11,825.29, the first drop for the blue-chip index in three days, a day after closing at a new 2 1/2-year high.
The S&P 500 fell 13.10 points, or 1 percent, to close at 1,281.92, while the Nasdaq fell 40.49 points, or 1.5 percent, to close at 2,725.36. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose above 17.


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