The Clinton Herald, Clinton, Iowa

November 30, 2013

S&P 500 gains for 8th straight week


The Clinton Herald

---- — NEW YORK (AP) — The stock market fizzled Friday at the end of a holiday-shortened trading day, but still logged its longest streak of weekly gains in a decade.

The Standard & Poor’s 500 index ended down one point, or 0.1 percent, to 1,805.81. The Dow Jones industrial average slipped 10 points, or 0.1 percent, to 16,086.41.

Investors watched for early trends in holiday sales as the busiest shopping day of the year, Black Friday, got underway.

Stocks rose for most of the day Friday, but petered out in the last half hour. The New York Stock Exchange and the Nasdaq closed early, at 1 p.m. Eastern Time, and activity was lower than average a day after Thanksgiving. Thin trading can lead to sudden swings in markets.

Although the S&P 500 and Dow slipped, the Nasdaq composite rose 15 points, or 0.4 percent, to end at 4,059.89. The index has surged 34 percent this year, more than the other two indexes.

And even though the S&P 500 eased Friday, it still rose for an eighth straight week, its longest stretch of weekly advances in a decade.