Summary Box: Wal-Mart Pulls Dow Down

WAL-MART WOES: Wal-Mart dropped 1.6 percent after analysts at JPMorgan said the world's largest retailer risks losing customers as low-income shoppers head to discount stores. Wal-Mart was the weakest company among the 30 that make up the Dow Jones industrial average.

BUDGET PROPOSED: Stocks traded in a tight range throughout the day as investors weighed the impact of President Barack Obama's $3.73 trillion budget proposal for the next fiscal year.

THE INDEXES: The Dow lost 5 points to 12,268. The S&P 500 rose 3 points to 1,332. The Nasdaq composite rose 7 points to 2,817.