US stocks flat after Dow jumps past 13,000

28/02/2012 05:26 AST  Business Times

Banking shares on Monday pulled the Dow to the 13,027 level last seen in May 2008, but the index sank back in the final minutes of trade to end virtually unchanged.

The Dow Jones Industrial Average closed off a bare 1.44 points (0.01 percent) at 12,981.51.

But the broad-based S&P 500 added 1.85 (0.14 percent) to 1,367.59, its best finish since early June 2008.

The tech-rich Nasdaq Composite meanwhile gained 2.41 points (0.08 percent) to 2,966.16.

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