Wall Street was little changed on Tuesday as fighting in Libya and chances of a interest hike in Europe kept investors from making new bets on stocks.
European Central Bank President Jean-Claude Trichet and other ECB policymakers have reiterated they are ready to act quickly to guard against inflation.
We still have the Middle East and North Africa and Japan weighing on the market, but we have wiped out most of the year's gains on these issues. This leaves more room for a rebound, said Steve Goldman, market strategists at Weeden & Co in Greenwich, Connecticut.
The Dow Jones industrial average <.DJI> was down 7.72 points, or 0.06 percent, at 12,028.81. The Standard & Poor's 500 Index <.SPX> was down 1.91 points, or 0.15 percent, at 1,296.47. The Nasdaq Composite Index <.IXIC> was down 4.29 points, or 0.16 percent, at 2,687.80.
In company news, Walgreen Co
On the upside, Sprint Nextel Corp
(Reporting by Angela Moon; Editing by Kenneth Barry)