Stock prices were mixed today as investors, worried about the effect rising interest rates might have on big-name stocks, moved money into small-cap issues.
At the close of trading on Wall Street, the Dow Jones Industrial Average was down 13.86 at 10,852.88.
Broader stock indicators were mixed.
According to preliminary calculations, the Standard and Poor's 500 fell 8.54 to 1,330.29, and the Nasdaq composite index fell 21.59 to 2,520.64.
Advancing issues outnumbered decliners by a six-to-five margin on the New York Stock Exchange, with 1,620 up, 1,352 down and 562 unchanged.
NYSE volume totalled 685.49 million shares as of 4pm, versus 744.00 million in the previous session.
The NYSE composite index fell 2.55 to 636.87, and the American Stock Exchange composite index rose 3.34 to 795.37.
The Russell 2000 index of smaller companies rose 1.12 to 449.14.
Stocks have traded in a narrow range for several days as investors struggle to determine whether a rise in inflation will prompt the Federal Reserve to raise interest rates in an effort to slow the economy.
