NEW YORK VNB — NEW YORK -- Stock prices were mixed yesterday, with blue chips posting small gains while the broader market was weak. Many cautious investors moved to the sidelines ahead of the president's State of the Union Message tonight.
The Dow Jones industrial average rose 7.83 points to finish at 3,240.61, but all the other leading indexes wound up with losses.
Volume on the New York Stock Exchange was almost 191 million shares, down from 214.6 million Friday.
Gaining issues held a slim lead over losers as the Big Board composite slipped 0.23, to 228.94.
Anthony Ludovici, senior vice president and senior investment analyst with Tucker Anthony, described the trading as lackluster, with investors trekking to the sidelines before tonight's message. "The market quickly gave back early gains, with volume not much to talk about," he said.