Wednesday, December 19

Inflate stocks little changed as budget speak

NBC News and reports of wire

The S & P 500 wrapped up its fifth positive month in the last six months on Friday, although it ended the day flat, how politicians remain divided about how the so-called fiscal cliff to avoid.

Trade was choppy in the last two weeks, as investors a series of tax increases and spending cuts, to respond to statements from politicians about the State of the discussions on that to avert the economy into recession could pull out.

The S & P 500 was 0.29 percent in November, even as it deeply up suffered a slide of more than 6 percent from the month to his.

"In the face of the" off again "is fiscal Cliff (negotiations), it's rather surprising this market has been as robust," said David Rolfe, chief investment officer of St. Louis based Wedgewood partners.

"By the end of the year, it will be a vacuum information outside the fiscal cliff, and I think that the resistance to be tested."

In contrast to the apparent tranquility in shares, the market jumped the CBOE volatility index, a gauge fear, 5.4 percent, the biggest daily gain in two weeks.

The VIX rose booked for the week, but a whopping 14.7 percent decline in November.

On Friday accused President Barack Obama is a "Handful" of the Republicans in the U.S. House of representatives of legislation holding, to extend tax cuts for the middle class Americans, to try to preserve them for the wealthy.

Shortly after the President, House Speaker John Boehner, an Ohio Republican speech, said: "there is a standoff; Let us not make."

Despite the disagreement language, many market participants are betting that an agreement is - are found in the eleventh hour.

Companies continue to react, what to expect, will be a tougher tax regime next year. Whole foods market should at the latest before expected higher tax rates in the year 2013 in this case - a special cash dividend to announce$ 2.00 per share.

The Dow Jones industrial average rose 3.76 points, or 0.03 percent, to 13,025.58 at the end. The S & P 500 won a mere 0.23 of a point, or 0.02 percent, to stop 1,416.18. But the Nasdaq composite index dipped to finish 1.79 points or 0.06 percent to 3,010.24.

For the month of November, S & P rose 500 0.29 percent, its smallest monthly variation since March 2011. The Dow Jones fell 0.5 percent and the NASDAQ gained 1.1 percent.

For the week all three major U.S. stock indexes with the Dow 0.1 percent progressed, the S & P 500 up 0.5 percent and the NASDAQ up 1.5 percent.

VeriSign dropped 13.2 percent to $34,15 that said company shares, the U.S. Department of Commerce approved its agreement with ICANN run the .com Internet registry, but VeriSign unable, the prices to increase, as before.

Yum Brands slipped 9.9 percent to $67.08 a day after the parent of chains Pizza Hut, KFC and Taco Bell said it expects a decline in sales at established restaurants in China in the fourth quarter.

After a close relationship for several years Facebook and Zynga terms of a partnership agreement revised according to regulatory filings on Thursday. Under the new Pact Zynga, creator of the game "Farmville", ability to your website on Facebook advertising limited.

Zynga shares fell $2.46-6.1 percent. Facebook shares gained 2.5 per cent to $28.

Latest Apple Inc. iPhone received final clearance from Chinese regulators, paving the way for a December debut in a highly competitive market, where the absence of a new model had greatly eroded its share of product sales. Apple shares fell 0.7 percent to $585.28.

The markets reaction to data on Friday was muted.

US consumer spending fell in October for the first time in five months and income growth ground to a halt, leading some economists to cut already low estimates of economic growth in the fourth quarter.

So far about 6.48 billion shares and the largest changed owners on the New York Stock Exchange, the NASDAQ and NYSE MKT something more than 7 billion shares, more than the daily average this year in two weeks.

On the NYSE stood at around six questions for all five rose, while on the NASDAQ, the ratio fell, nearly 1 to 1.

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