NEW YORK–The stock market ended a quiet Monday mostly where it began as investors shut their books for what has been an extraordinary year on Wall Street.Traders had little corporate or economic news to work through. The bond market was quiet as well. The yield on the benchmark ten-year Treasury note continued to hover near three per cent.
The Dow Jones industrial average moved less than 30 points the entire day, the narrowest range for the index since February 2007. Approximately 2.3 billion shares changed hands on the New York Stock Exchange, 40 per cent less than average.The Dow ended the day up 25.88 points, or 0.2 per cent, to 16,504.29."The very narrow range reflects that there's not a lot of news out there and a lot of investors' positions are closed for the year," said Alec Young, chief global strategist with S&P Capital IQ.
The Standard & Poor's 500 index fell less than a point to 1,841.07 and the technology-heavy Nasdaq composite fell 2.40 points, or 0.1 per cent, to 4,154.20.Walt Disney rose $1.88, or three per cent, to $76.23, the most in the S&P 500.
AP