NEW YORK (AP) — The stock market is struggling to take it to the next level.
For a third straight day the Standard & Poor’s 500 index traded above its record close but fell back to end below it. An early move higher Wednesday was led by retailers and home builders, but the gains mostly petered out in the afternoon. By the closing bell the index was up just a fraction of a point. After rebounding from losses early in the year, when investors were concerned about the outlook for growth in emerging markets and the U.S., the stock market now appears to be at a crossroads.