Posted: Thursday, February 28th 2013 at 4:18pm
Dow eases back from near record as a rally fades
By The Associated Press
NEW YORK (AP) -- An early rally has faded on Wall Street, pulling the Dow slightly lower and a bit further away from reaching a record.
The market was up for much of the day, then turned lower in the final minutes of trading.
The Dow Jones industrial average ended with a loss of 20 points, or 0.2 percent, at 14,054. That's 110 points below the record close it reached in October 2007. It came within 15 points of that level during the day Thursday.
The Standard & Poor's 500 index ended down a point, or 0.1 percent, at 1,514. The Nasdaq composite lost two points, or 0.1 percent, to close at 3,160.
Rising and falling stocks were about even on the New York Stock Exchange. Volume was average, 3.7 billion shares.
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