U.S. Stocks Little Changed After S&P 500 Index Erased 2015 Loss

U.S. stocks were little changed before the Christmas holiday, following a three-day rally that erased this year’s losses for the Standard & Poor’s 500 Index.

The S&P 500 fell less than 0.1 percent to 2,063.10 at 9:33 a.m. in New York, after adding 1.2 percent yesterday to climb 0.3 percent for the year. U.S. exchanges close at 1 p.m. today for the Christmas holiday and reopen on Dec. 28.

Gains in the year’s least-loved stocks, oil shares and raw-material companies, sent the S&P 500 up 2.9 percent this week. Both groups are on track for their strongest weekly gain since Oct. 9, rising at least 4.5 percent as investors searched for year-end bargains. Reports showing consumer spending bolstering growth also helped the advance.

Source : Bloomberg

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U.S. Stock Futures Little Changed After S&P 500 Erased 2015 Loss

U.S. stock-index futures were little changed before the Christmas holiday, following a three-day rally that erased this year’s losses for the Standard & Poor’s 500 Index.

S&P 500 futures expiring in March declined less than 0.1 percent to 2,052 at 6:09 a.m. in New York.  Dow Jones Industrial Average contracts added 2 points to 17,474. U.S. exchanges close at 1 p.m. today for the Christmas holiday and reopen on Dec. 28.

Gains in the year’s least-loved stocks, oil shares and raw-material companies, sent the S&P 500 up 2.9 percent this week. Reports showing a strengthening in the economy also helped the advance, and data on initial jobless claims due today will offer investors further signs on the recovery.

While the S&P 500 historically rises in December, it has fallen 2 percent this month amid investor focus on the U.S. and European central-bank meetings. It’s on course for the worst final month of the year since 2002, adding pressure on the so-called Santa rally, which in the past has yielded an average gain of 1.7 percent in the final two weeks. The gauge is up 0.3 percent this year, poised to post the smallest annual advance since 2011.

Source : Bloomberg

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