S&P 500 index within reach of a record high

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Associated Press

Posted on March 28, 2013 at 7:00 AM

Updated Thursday, Mar 28 at 7:02 AM

NEW YORK (AP) — Stocks are little changed in early trading on Wall Street. The Standard & Poor's 500 index is just below a record high.

The Dow Jones industrial average was down a point at 14,524 shortly after the opening bell Thursday.

The S&P fell a point to 1,561. The index is three points below the all-time high it reached in October 2007.

The Nasdaq composite was off less than a point at 3,255.

The government revised its estimate for fourth-quarter U.S. economic growth up to 0.4 percent from 0.1 percent.

Biogen Idec rose 3 percent to $8.98 after federal regulators approved the drug developer's new multiple sclerosis treatment.

Thursday is the last day of trading for the second quarter of 2013. Markets will be closed for Good Friday.

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