US stocks were little changed on Wednesday as investors found scant reason to continue buying following the best two-day rally for the S&P in a month. General Motors bucked the overall weakness to surge more than 8 percent after the company said it will buy back 200 million of its shares from the US Treasury, which plans to sell the rest of its GM stake over the next 15 months. GM was up 8.6 percent at $27.68.

Investors are concerned the fiscal cliff could send the economy back into recession, though most expect a deal will be reached eventually. The Dow Jones industrial average slipped 11.80 points, or 0.09 percent, to 13,339.16. The Standard & Poor's 500 Index eased 2.12 points, or 0.15 percent, to 1,444.67. The Nasdaq Composite Index added 0.36 points, or 0.01 percent, to 3,054.89.

Copyright Reuters, 2012