
U.S. stocks tallied modest losses on Wednesday in closing the books on robust February gains, with the Dow Jones Industrial Average rising for a fifth straight month
"A combination of good economic news and stimulus is all contributing to a good market," said Mark Martiak, senior wealth strategist at Premier Financial Advisors in New York
"Europe is moving in the right direction too, although a lot of what is going on in the sovereign-debt crisis is already priced into the market," he added
Up 2.5% for February and 6% year-to-date, the Dow shed 53.05 points, or 0.4%, to close at 12,952.07
The blue-chip index on Tuesday closed above 13,000 for the first time since May 2008
The S&P 500 Index declined 6.5 points, or 0.5%, to 1,365.68, a February rise of 4.1% and its third consecutive monthly gain, leaving it 8.6% higher from the end of 2011
The Nasdaq Composite Index declined 19.87 points, or 0.7%, to 2,966.89
The technology-laden Nasdaq rose 5.4% in February, its second straight monthly advance, which has it nearly 14% higher for 2012 so far.
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