Stocks erase losses and end near breakeven level

Associated Press + More

NEW YORK (AP) — Stock indexes are ending near the breakeven point on Wall Street, recovering from an early loss.

The Dow Jones industrial average ended with a gain of seven points Wednesday at 13,986. It was down as much as 66 points in the early going.

The Standard & Poor's 500 index eked out a gain of just under a point to end at 1,512. The Nasdaq composite edged down three points to 3,168.

Time Warner rose 4 percent after the company said its net income grew 51 percent in the last three months of 2012. Ralph Lauren also rose sharply after posting solid results.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume was about average at 3.5 billion shares.

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