US STOCKS SNAPSHOT-Blue chips lead Wall St bounce back

Last Updated: Wed, Dec 05, 2012 16:50 hrs

NEW YORK, Dec 5 (Reuters) - U.S. stocks swung back to positive territory in late morning trading on Wednesday, led by gains in Dow components Caterpillar and The Travelers , while Citigroup's 5 percent gain boosted bank stocks.

The Dow Jones industrial average rose 72.71 points, or 0.56 percent, to 13,024.49. The S&P 500 edged up 1.49 points, or 0.11 percent, to 1,408.54. The Nasdaq Composite dropped 17.86 points, or 0.60 percent, to 2,978.82.

Apple shares, down more than 4 percent, were the biggest drag on the Nasdaq.

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