Stocks closed lower Wednesday amid a lackluster session.

All three of the major averages lost ground, with the Dow Jones Industrial Average sliding 22 points, or 0.1 percent. The Dow never crossed more than 40 points above or below Tuesday's closing level. The S&P 500 and Nasdaq booked slighly larger losses, closing down 0.2 percent and 0.3 percent, respecetively.

U.S. retail sales fell 0.3 percent in September, according to data released Wednesday by the Commerce Department. The print made for the first negative retail sales number in seven months. Economists surveyed by Refinitiv were expecting 0.3 percent growth for the month.

Financial stocks remained in focus Tuesday after Bank of America, U.S. Bancorp, PNC Financial Services Group and Bank of New York Mellon all reported ahead of the opening bell. The sector will remain in focus on Wednesday, when Morgan Staley releases its results.

Elsewhere, Netflix shares gained as traders positioned themselves for the streaming giant's third-quarter earnings, which were due out after the closing bell. Shares plunged by as much as 30 percent in the wake of the company's second-quarter results. IBM will also report its quarterly results at the market's close. Read more at FOX Business