Energy stocks led a broad decline on Wall Street, giving the market its third loss in a row.

NEW YORK Energy stocks led a broad decline on Wall Street, giving the market its third loss in a row.

Financial stocks also dropped Thursday. Wells Fargo gave up 3.3 percent after Warren Buffett's Berkshire Hathaway said it was selling some of its stake for regulatory reasons.

Pier 1 Imports plunged 9 percent after reporting disappointing sales.

The Standard & Poor's 500 index fell 15 points, or 0.7 percent, to 2,328.

The Dow Jones industrial average lost 138 points, or 0.7 percent, to 20,453. The Nasdaq composite gave up 31 points, or 0.5 percent, to 5,805.

Small-company stocks fell more than the rest of the market. The Russell 2000 index lost 13 points, or 1 percent, to 1,345.

U.S. markets will be closed Friday for the Good Friday holiday.