U.S stocks little changed

Stocks are little changed after a mixed batch of company earnings.

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Traders on the floor of the New York stock exchange

IBM dropped 3% after its revenue fell short of what investors were expecting. Norfolk Southern climbed 5% after the rail company said its fourth-quarter profit rose as shipping volume grew.

The Standard & Poor's 500 index rose a point to close at 1,844 Wednesday. The Dow Jones industrial average was down 41 points, or 0.3%, at 16,373. The Nasdaq composite rose 17 points, or 0.4%, to 4,243.

Coach slumped 6% after the luxury goods maker reported a lower quarterly profit, citing weakness in women's bags and accessories in North America.

Small-company stocks are doing better than large ones since the beginning of the year, continuing a trend from 2013.