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Stocks Close Mixed Despite M&A Boost
05 Apr 2011 EDT - CNBC.com
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Stocks ended mixed as tech stocks lost steam despite earlier gains driven by M&A activity, and as stocks bumped up against recent highs.

The Dow Jones Industrial Average fell 6.13 points, or 0.05 percent, to close at 12,393.90, the first time it's fallen in three days. The blue-chip index had edged up to the highest level since June 2008 on Monday.

Among Dow components, Boeing and General Electric slipped, while Alcoa and Intel gained.

The S&P 500 fell 0.24 points, or 0.02 percent, to close at 1,332.63, while the tech-heavy Nasdaq rose 2 points, or 0.07 percent, to close at 2,791.19. The CBOE Volatility Index, widely considered the best gauge of fear in the market, fell below 17.

Among key S&P 500 sectors, materials and energy gained, while health care and industrials fell.

Minutes from the Federal Reserve's last policy setting meetingreleased Tuesday afternoon indicated Fed officials had differing views over how long the Fed should maintain an easy monetary policy.

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