M&M: Macy’s and Martha Stewart Living Omnimedia have announced an end to their bitter standoff over a breach-of-contract lawsuit involving J.C. Penney. Stewart’s company and Penney signed a merchandising deal in December 2011. That prompted Macy’s to sue both companies for violating its exclusive agreement with Martha Stewart. Terms of the settlement are not being released.
Macy fell 27 cents, or 0.5 percent, to $53.13. Martha Stewart Living rose 35 cents, or 8.3 percent, to $4.55.
BACK NEXT WEEK: Many investors are away this week and trading volume is expected to continue to be thin. The weekly unemployment claims numbers released Thursday are getting a lot of attention because the December employment report due out next week.
SO GOES JANUARY: Investors will be watching how the market does in January since that can suggest how the rest of the year might turn out. The barometer has proven accurate almost 90 percent of years since 1950, according to the Stock Trader’s Almanac.