Stocks edged up on Wednesday but were off their earlier highs as bank shares turned negative.
Gains came from energy stocks after a steep selloff in commodity shares in the previous session.
Shares of JPMorgan Chase & Co
The Financial Select Sector SPDR Fund
There is really a disparity between large-cap banks and regional, community banks. The large caps will be mostly influenced by the stock move in JPMorgan, said Jay Suskind, senior vice president at Duncan-Willams in Jersey City, New Jersey.
The Dow Jones industrial average <.DJI> was up 32.54 points, or 0.27 percent, at 12,296.12. The Standard & Poor's 500 Index <.SPX> was up 2.62 points, or 0.20 percent, at 1,316.78. The Nasdaq Composite Index <.IXIC> was up 17.09 points, or 0.62 percent, at 2,761.88.
(Reporting by Angela Moon, Editing by Kenneth Barry)