Stocks closed marginally lower Wednesday after a session of seesaw trading and profit-taking following a two-day rally, the Associated Press reports. Stocks opened lower, swung to a gain after the Federal Reserve’s Beige Book of regional economic conditions said inflation was in check and then dropped as the session neared its close.
According to preliminary calculations, the Dow Jones industrial average lost 1.20, or 0.01 percent, to 11,102.51 after rising a total of 230 points the first two days this week. Broader stock indicators also fell. The Standard & Poor’s 500 index lost 0.48, or 0.04 percent, to 1,268.40, while the Nasdaq composite index lost 3.44, or 0.17 percent, to 2,070.46.
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Today’s Winners & Losers
Digital Insight lost 30 percent to close at $22.11 while Overhill Farms lost 8.9 percent, closing at $3.37 and Impco Technologies Corp. lost 5.9 percent and finished the day at $10.15.
Finishing the day up were ArtisDirect Inc., which gained 8.2 percent to close at $3.41, Crown Media, which gained 6 percent to close at $4.39 and Stamps.com, which finished up 5.6 percent to close at $21.40.