U.S. Stocks Pull Back Off Best Levels But Close Modestly Higher
WASHINGTON (dpa-AFX) - After an early move to the upside, stocks gave back some ground over the course of the trading session on Wednesday but managed to end the day modestly higher. With the uptick on the day, the Dow reached a new record closing high.
The Dow rose by nearly 190 points in morning trading but ended the session up just 73.89 points or 0.2 percent at 30,409.56. The Nasdaq edged up 19.78 points or 0.2 percent to 12,870.00 and the S&P 500 inched up 5.00 points or 0.1 percent to 3,732.04.
The early strength on Wall Street came as traders made another attempt at window dressing going into the end of the year after profit taking set in following an early advance on Tuesday.