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Stocks slip on Wall Street, a day after huge surge

March 14, 2012 • Business


In this March 13, 2012 photo, trader John Bishop works on the floor of the New York Stock Exchange. Markets were buoyant Wednesday, March 14, 2012, a day after a fairly rosy assessment of the U.S. economy from the Federal Reserve boosted confidence about the state of the world’s largest economy. (AP Photo/Richard Drew)

Stocks slipped on Wall Street Wednesday, a day after the market had its biggest gain of the year. Citigroup fell after failing to convince regulators it was healthy enough to raise its dividend.

The Dow Jones industrial average was down four points at 13,173 at 2:15 p.m. Eastern, giving up an earlier gain of 44 points. The Standard & Poor’s 500 index was off five points at 1,391, and the Nasdaq composite was down 10 at 3,029.

Only one of the 10 industry groups in the S&P 500 rose, Login to read more

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