Wall Street pulls back to mostly flat, energy drags

NEW YORK (Reuters) - Stocks were little changed by midday trade on Wednesday, with the S&P 500 and the Nasdaq trading slightly lower and the Dow trimming earlier gains, weighed down by energy and telecom shares.

The Dow Jones industrial average <.dji> was up 27.96 points, or 0.20 percent, at 14,281.73. The Standard & Poor's 500 Index <.spx> was up 0.73 of a point, or 0.05 percent, at 1,540.52. The Nasdaq Composite Index <.ixic> was down 0.68 of a point, or 0.02 percent, at 3,223.45.

Earlier, the Dow set another intraday record high at 14,320.65.

(Reporting by Angela Moon; Editing by Jan Paschal)

Source: http://news.yahoo.com/dow-surges-closing-high-economy-feds-help-032459668--sector.html

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