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Stocks had another lackluster day, with lower oil prices and a troubled retail sector giving the market little reason to move higher. 

The S&P 500 closed down 0.26%, Dow Jones Industrial Average fell 0.21%, and the Nasdaq declined 0.22%.

Macy's ( (M) - Get Macy's Inc Report ) shares fell more than 14% after the retailer reported lagging sales of winter clothing because of warmer weather and a decline in tourists visiting Macy's flagship store locations, said CEO Terry Lundgren.

Third-quarter revenue was nearly $5.9 billion, down from $6.2 billion a year earlier, marking the third straight quarter that sales have decreased. The company reported adjusted earnings of 56 cents a share, down from 61 cents a year earlier.

J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Reportshares fell a little over 2% despite the company reaching an agreement to settle a class-action lawsuit in California over false advertising. This comes after the retailer's third-quarter same-store sales increased 6.4%, marking its best quarter since the first quarter of 2014.

Kohl's (KSS) - Get Kohl's Corporation Report  fell 5.6% as the market anticipates disappointing fiscal third-quarter earnings from the retailer on Thursday. Analysts estimated a year-over-year decline in earnings per share, but a slight increase in revenue.

Oil giant Exxon Mobil's (XOM) - Get Exxon Mobil Corporation Report  shares declined nearly 1%, while Chevron (CVX) - Get Chevron Corporation Report  fell more than 1%, and Marathon Oil (MRO) - Get Marathon Oil Corporation Report  took a 8.36% hit as lower oil prices pressured the sector.

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According to the American Petroleum Institute, U.S. crude stockpiles increased 6.3 million barrels last week, which was more than expected. West Texas Intermediate crude fell 2.53% on Wednesday to $43.09 a barrel.

Anheuser Busch InBev (BUD) - Get Anheuser-Busch InBev SA/NV Report  finalized a $107 billion bid for SABMiller (SBMRY)  . A combination of the two companies would create the largest beer company in the world. Both AB InBev and SABMiller share rose over 2% to close the day.

Alibaba (BABA) - Get Alibaba Group Holding Ltd. Report  fell nearly 2% after reporting record profit on Singles Day, a big shopping holiday for singles. The company reported sales of $14.3 billion Wednesday, beating expectations and its prior-year record of $9.3 billion.

Kroger's (KR) - Get Kroger Co. Report  stock was down nearly 0.58% after it announced a deal to buy Midwest grocery store chain Roundy's (RNDY) . Roundy's rose about 64% on Wednesday.

Apache's (APA) - Get APA Corp. Report  stock continues to fall more than 7% after Anadarko Petroleum  (APC) - Get Anadarko Petroleum Corporation Report  withdrew an offer to buy the oil and gas company.

"We are unwilling to pursue the transaction without access to detailed non-public information, and based on our analysis, which shows that Apache appears to trade at or near full value currently, the offer was withdrawn," said Al Walker, Anadarko CEO, in a statement.

ADT (ADT) - Get ADT, Inc. Report  climbed more than 4% after the company reported quarterly profit of 48 cents a share, exceeding estimates.

Lastly, Cisco Systems  (CSCO) - Get Cisco Systems, Inc. Report  is expected to report earnings Thursday. The company is estimated to report 51 cents per share, up from the 48 cents per share reported a year earlier. 

The bond market was closed Wednesday for Veterans Day and limited economic data was released.