Wall Street Rally Fades

NEW YORK (February 28, 2013)--An early rally faded Thursday 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, but turned lower in the final minutes of trading.

The Dow Jones industrial average ended the day with a loss of 20 points, or 0.2 percent, at 14,054, 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 the day 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 where volume was average, 3.7 billion shares.


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