Wall St's 3-day rally runs out of steam


09/08/2012 11:53 AST  Business Times

A three-day US stocks rally petered out Wednesday after mixed company news and disappointing European economic data renewed concerns about economic growth.

After drifting in and out of positive territory, equity indices ended nearly flat.

The blue-chip Dow Jones Industrial Average closed at 13,175.64, a gain of 7.04 points, or 0.05 per cent.

The tech-rich Nasdaq shed 4.61 (0.15 per cent) at 3,011.25, while the S&P 500-stock index edged up a scant 0.87 point (0.06 per cent) to 1,402.22.

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