NEW YORK — U.S. stocks meandered between small gains and losses today, cooling off after a rally that had pushed the Standard & Poor's 500 index above 1,500 for the first time since December, 2007. Encouraging news about manufacturing provided an early boost, but stocks fell later after a report on the pace of home sales fell short of expectations.
The Dow fell 14 points to 13,881. The S&P 500 fell 2 points to 1,500. The Nasdaq composite index rose 4 to 3,154.
Heavy equipment maker Caterpillar said its fourth-quarter net income exceeded analysts’ expectations. It ended trading up $1.87 at $97.45.
Declining stocks marginally outpaced advancing ones on the New York Stock Exchange. Volume was average at 3.3 billion shares.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.