Business

Market snapshot

Dow nears record, but gains slip away

Advertisement

So close: The Dow got within 15 points of its record high, but the momentum faded. The big indexes fell, ending a two-day winning streak. The fleeting gains, some said, were more about stocks’ tendency to rise over time than about the economy. Company earnings news was mixed, and a report said the economy grew just 0.1% (annualized) in the last quarter of 2012 — better than the initial estimate of a 0.1% decline, but hardly robust. The number of people seeking unemployment aid fell, and the US prepared for federal spending cuts to kick in. The Dow rose 1.4% in February — respectable, but a slowdown from the 5.8% gain in January.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com