Stocks end little changed on Wall Street a day after the market’s biggest day of the year
3/14/2012NEW YORK — Stocks are ending pretty much where they started on Wall Street, a day after the market had its biggest gain of the year.
The Dow Jones industrial average eked out an increase of 16 points Wednesday, its sixth consecutive day of gains. The Dow ended at 13,194, a gain of 0.1 percent.
The Standard & Poor’s 500 edged down less than two points to 1,394. The Nasdaq composite inched up just under a point to end at 3,041. The Nasdaq closed above 3,000 on Tuesday for the first time since December 2000.
Citigroup fell 3.4 percent after the bank failed to convince regulators to let the bank increase its dividend. Citi was one of just four major financial companies that didn’t pass the Federal Reserve’s latest stress test.