The stock market struggled but held its ground Wednesday as an upbeat assessment of the economy from the Federal Reserve offset drops in banks and energy companies. Most stocks finished higher after the Fed said regional economic activity has generally improved since its last snapshot in October. The central bank said consumers have increased spending even as employment and commercial real estate remain weak.
The Dow Jones industrial average fell 18.90, or 0.2 percent, to 10,452.68.
The Standard & Poor's 500 index rose 0.38, or less than 0.1 percent, to 1,109.24.
The Nasdaq composite index rose 9.22, or 0.4 percent, to 2,185.03.
For the week:
The Dow is up 142.76, or 1.4 percent.
The S&P is up 17.75, or 1.6 percent.
The Nasdaq is up 46.59, or 2.2 percent.
For the year:
The Dow is up 1,676.29, or 19.1 percent.
The S&P is up 205.99, or 22.8 percent.
The Nasdaq is up 608.00, or 38.6 percent.