India, June 25 -- Stocks initially extended the rally seen to start the week early in the session on Wednesday before giving back ground over the course of the trading day. The major averages pulled back off their early highs, eventually ending the day narrowly mixed.
While the tech-heavy Nasdaq rose 61.02 points or 0.3 percent to a new four-month closing high of 19,973.55, the S&P 500 edge down 0.02 points or less than a tenth of a percent to 6,092.16 and the Dow slipped 106.59 points or 0.3 percent to 42,982.43.
The initial strength on Wall Street partly reflected recent upward momentum, which saw stocks move sharply higher over the two previous sessions.
Buying interest waned shortly after the start of trading, however, as traders con...