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Modest Gains for Wednesday Stocks

Medioimages/Photodisc/Thinkstock(NEW YORK) -- Stocks slipped Wednesday, just one day after the market had one of its biggest gains of the year.  By the end of the day's session, the markets could produce only small gains.
The Dow closed up 16 points, at 13,194. The Nasdaq closed with a fraction more on the plus side, at 3,040. The S&P lost a point Wednesday, closing at 1,394 and failing to top 1,400 for the first time in a year.
The rising prices of oil pushed import costs higher in February, which The Wall Street Journal reports may be hinting at inflation pressures.

Crude-oil settled at $105 a barrel Wednesday, falling off just over 1 percent.

Copyright 2012 ABC News Radio

ABC News Radio