Stocks closed relatively flat Monday but the Dow Jones industrial average managed to rise slightly to post its 51st record close of the year in the second-to-last trading session.
to preliminary calculations, the Dow Jones industrial average rose 26
points, or 0.2% to 16,504. The Standard & Poor's 500 index was flat
at 1,841 and the Nasdaq composite slipped 3 points, or 0.1% to 4,154.
the lackluster trading Monday, Wall Street is getting set to close the
books on a historic year. With just one more trading session left in
2013, the S&P 500 is on track for an annual gain of 29%, the biggest
since 1997. With dividends included, it's up 32%.
Friday, the Dow Jones industrial average ended its six-day winning
streak as it fell 1.47 points to 16,478.41. The Standard & Poor's
500 index dropped 0.62 to 1,841.40 and the Nasdaq composite index fell
10.59 points, or 0.2%, to 4,156.59.
PENDING HOME SALES: Market stabilzing?
FRIDAY: Dow ends 6-day winning streak as stocks slip
has been light during the holidays as many investors were on vacation.
Many of those investors are likely spending their holidays wondering
what 2014 will bring, amid a bull market that will celebrate its fifth
birthday on March 9, 2014.
BULL VS. BEAR: Will stocks go higher or stall in 2014?
The yield on the 10-year Treasury note slipped to 2.98 percent after closing at 3% on Friday.
Asia, Japan's Nikkei 225 climbed 112.37 points, or 0.7%, to close at
16,291.31, its highest closing in more than six years. Prime Minister
Shinzo Abe took time out from his winter vacation to celebrate the
year-end trading close.
"Thanks to our efforts, the economy went from minus to positive," Abe said.
Kong's Hang Seng index moved only slightly, gaining 1.63 point to
23,244.87, and the Shanghai Composite lost 3.72 points, or 0.2%, to
finish at 2,097.53.
European stocks traded lower, as Germany's DAX
index fell 0.4% to 9,552.16, France's CAC 40 index slid less than 0.1%
to 4,275.71 and Britain's FTSE 100 index lost 0.3% to 6,731.27.