Stocks Ended Little Changed Ahead of ECB Meeting

U.S. stocks¬†ended little changed on Wednesday as traders awaited this week’s European Central Bank meeting and data on U.S. jobs. The Dow industrials closed up 11.54 points, or 0.09%, at 13,047.48,¬† the S&P 500 edged down 1.5 points, or 0.11%, at 1,403.44, while the Nasdaq Composite ended down by 5.79 points, or 0.19%, to 3,069.27.

Nokia revealed its first smartphones to run the next version of Windows, a big step for a company that has bet its future on an alliance with Microsoft. Nokia’s new flagship phone is the Lumia 920, which runs Windows Phone 8.

Facebook’s stock increased nearly 5 percent on Wednesday following a disclosure that its CEO, Mark Zuckerberg, won’t sell stock in the company for at least a year.

FedEx Corp. sent a shudder through the market Wednesday after warning that its parcel-delivery business was not delivering the profit it had expected just a couple of months ago.

H&R Block is reporting a smaller loss for its fiscal first quarter, as the nation’s largest tax preparer cut its spending. The company lost $107.4 million, or 39 cents per share, compared with a loss of $175.1 million, or 57 cents per share, last year. Excluding one-time charges, it lost 38 cents per share. Revenue slipped 4 percent, to $96.5 million.

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