Wall Street Stalls at Record Highs Amid Oil Price Stability

Stocks on Wall Street wavered in morning trading Wednesday and hovered around record highs set the previous day, while oil prices held steady.

The S&P 500 climbed 0.1%, the Dow Jones Industrial Average added 455 points or 0.8% as of 11:45 a.m. Eastern time, but the Nasdaq composite fell 0.2%

Mark Hackett chief market strategist at Nationwide said 'the coiled spring investors have been waiting for has finally released with the S&P 500 Index surging to record highs for the first time in two months'

The market has been rising as companies report their earnings, three-quarters of S&P 500 companies have reported results so far and Wall Street expects a 50% profit growth when all are finished