US Markets
U.S. stocks ended little moved on on Wednesday as Wall
Street caught its breath, a day after the S&P 500's first close
above 2,000. "These record highs you're seeing are backed by
good earnings, and not from companies cutting costs, but true earnings
from sales and operations.
A lot of companies have healthy balance sheets and are looking to expand, so this (bull market) is not a flash in the pan, we think we'll see 10 to 11 percent overall S&P growth this year," said Frank Fantozzi, president and CEO of Planned Financial Services in Cleveland, Ohio.
"Overall, people should enjoy what is happening," Fantozzi added.
Tiffany gained after the luxury-goods seller hiked its 2014 outlook. Smith & Wesson declined after the gun manufacturer trimmed its full-year profit forecast. Apple gained after Bloomberg News cited people familiar with the matter in reporting the company's suppliers readying to make its biggest-yet iPad.
Read MoreMidday movers: Best Buy, Smith & Wesson & more
"We had a big move yesterday; these big, round numbers have a psychological impact on investors, who are taking a pause as opposed to going significantly one way or the other," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"We're flirting with the milestone 2,000 on the S&P 500, and there is a lack of any catalyst to jar prices above that level," Luschini added.
A lot of companies have healthy balance sheets and are looking to expand, so this (bull market) is not a flash in the pan, we think we'll see 10 to 11 percent overall S&P growth this year," said Frank Fantozzi, president and CEO of Planned Financial Services in Cleveland, Ohio.
"Overall, people should enjoy what is happening," Fantozzi added.
Tiffany gained after the luxury-goods seller hiked its 2014 outlook. Smith & Wesson declined after the gun manufacturer trimmed its full-year profit forecast. Apple gained after Bloomberg News cited people familiar with the matter in reporting the company's suppliers readying to make its biggest-yet iPad.
Read MoreMidday movers: Best Buy, Smith & Wesson & more
"We had a big move yesterday; these big, round numbers have a psychological impact on investors, who are taking a pause as opposed to going significantly one way or the other," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
"We're flirting with the milestone 2,000 on the S&P 500, and there is a lack of any catalyst to jar prices above that level," Luschini added.
After a session of fluctuating between modest gains and declines, the Dow Jones Industrial Average rose 14.99 points, or less than 0.1 percent, at 17,121.82.
The S&P 500 added a fraction to 2,000.11, with utilities the best performing of its 10 major sectors.
The Nasdaq declined a point to 4,569.62.
The CBOE Volatility Index, a measure of investor uncertainty, gained 1.7 percent at 11.83.
Advancers were a few steps ahead of decliners on the New York Stock Exchange, where an anemic 366 million shares traded as of 3:55 p.m. Eastern. Composite volume cleared 2 billion.
Crude-oil futures rose 2 cents to $93.88 a barrel, and gold futures lost $1.80, or 0.1 percent, to $1,283.40 an ounce.
On Tuesday, stocks gained, lifting the Dow to an all-time high and the S&P 500 to its first finish above 2,000, after better-than-expected reports -- including a jump in orders for durable goods -- cast favorable light on the U.S. economy.
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