U.S. Stocks Little Changed After Housing Data, FOMC Minutes On Tap

Category: Markets / Finance / Feb 20, 2013 10:22AM EDT
Stocks were little changed on Wednesday after housing and inflation data pointed to a continuation of modest economic improvement and ahead of the minutes from the Federal Open Market Committee's January meeting later in the session. Groundbreaking to build new U.S. homes fell 8.5 percent in January but new permits for construction rose to a 4 1/2-year high while producer prices rose in January for the first time in four months. The Dow Jones industrial average .DJI dropped 5.99 points, or 0.04 percent, to 14,029.68. The Standard & Poor's 500 Index .SPX lost 2.60 points, or 0.17 percent, to 1,528.34. The Nasdaq Composite Index .IXIC shed 3.12 points, or 0.10 percent, to 3,210.48. (Video Source: Reuters)