Stocks sink after 87% gain from bear-market low


March 9, 2011, 4:17 p.m. EST
Stocks sink after 87% gain from bear-market low 
SAN FRANCISCO (MarketWatch) -- U.S. stocks ended slightly lower Wednesday as investors gave up some of the prior session's strong gains. After spending much of the session veering between small gains and losses, the Dow Jones Industrial Average (DJIA 12,213, -1.29, -0.01%)  ended down 1.3 points, or 0.01%, to 12,213.09, led by a 1.7% drop in Caterpillar Inc. (CVX 103.77, +1.63, +1.60%)  shares and a 1.6% retreat in Chevron Corp. (CVX 103.77, +1.63, +1.60%) . The blue-chip average has surged 87% from its 12-year closing low reached on March 9, 2009. The S&P 500 (SPX 1,320, -1.80, -0.14%)  lost 1.8 points, or 0.1%, to 1,320.02, led by a drop in chemicals and mining stocks. It's up 95% from its bear-market low. The Nasdaq Composite (COMP 2,752, -14.05, -0.51%)  fell 14.05  


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