Bloomberg, (31/12) -- U.S. stocks were
little changed, after the Standard & Poor’s 500 Index reached an
all-time high last week and headed toward its biggest annual gain since
1997.
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The S&P 500 fell less than 1 point
to 1,841.09 at 4 p.m. in New York. The benchmark index is poised for a
29 percent gain this year. The Dow Jones Industrial Average rose 25.94
points, or 0.2 percent, to 16,504.35 today.
The S&P 500 has gained 2 percent in
December, heading for its fourth straight monthly advance. The gauge
climbed 3.7 percent from Dec. 13 through Dec. 27, its biggest two-week
rally since July, as the Federal Reserve announced plans to reduce the
pace of bond buying amid faster-than-estimated economic growth. Three
rounds of stimulus, known as quantitative easing, have sent the S&P
500 up 172 percent from a 12-year low in 2009.
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