Stocks were little changed on Tuesday, the anniversary of the market lows reached in the recession, with weakness in banks offset by strength in transportation stocks.
One year ago, Wall Street hit a more than 12-year low in the wake of the financial crisis. The Dow has rallied about 62 percent since then.
This past year was one of the most powerful rallies in history, and with the recent gains we've had, it makes sense that we're going to move sideways for a while, said Phil Orlando, chief equity market strategist at Federated Investors in New York.
The S&P Financial sector <.GSPF> was the top percentage loser among sectors, down 0.5 percent one day after closing at a more than 7-week high. JPMorgan Chase & Co
The Dow Jones industrial average <.DJI> rose 7.33 points, or 0.07 percent, at 10,560.30. The Standard & Poor's 500 Index <.SPX> dipped 0.74 points, or 0.06 percent, at 1,137.83. The Nasdaq Composite Index <.IXIC> was up 2.11 points, or 0.09 percent, at 2,334.31.
Airline and transport stocks rose after UAL Corp's
Late Monday, Texas Instruments Inc
(Editing by Jeffrey Benkoe)