Wednesday, December 28, 2011

Wall Street finishes mostly flat in thin trade

[ via Reuters ] 27 Dec

Stocks ended flat on Tuesday after fluctuating between small gains and losses in a light-volume session, as investors took a breather following a 5 percent rally last week.

The S&P 500 turned positive for the year on Friday, with improving economic data boosting equities. Gains were amplified by better-than-expected data on consumer confidence, which hit an eight-month high in December, as Americans grew more upbeat about the labor market and their financial situations.

But after a strong rally and with trading volume light, investors were reluctant to draw many conclusions from the move.

Read more: Reuters


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