Market recap: This morning's rally ran out of steam as the afternoon wore on, and stocks drifted...

|By:, SA News Editor
Market recap: This morning's rally ran out of steam as the afternoon wore on, and stocks drifted lower after the tepid Beige Book report and late austerity comments from Germany. Investors may have been further spooked by a big drop in BP (BP -15.8%) and renewed worries about financial legislation. Decliners slightly outnumbered advancers on the NYSE.