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Indexes End Of The Year And Month With A Strong Quiet Day

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U.S. stocks closed in a double-digit growth and the S & P's best in December of 1991, a quiet and little changed on Friday as investors found no reason to make big bets before the new year.

Improving economic indicators in measurements of the end of 2010 and the most challenging of the U.S. Federal Reserve led gains in the second half of the year, to overcome the turmoil of the crisis of sovereign debt in Europe and continued to high unemployment in the United States.

The gains were reversed in the market volume before the collapse of Lehman Brothers in September 2008. For years, S & P rose 12.8 %, the Dow Jones added 11 % and the Nasdaq rose 16.9 %.

Friday's meeting, but had none of the lively or the volatility that has characterized the year. Indices ended mostly flat on the turnover of light, even if a little profit taking weighed on the Nasdaq.

"When the volume is so low, you can not extrapolate a message that comes from the market, especially because there is no news to come," said Bernard Baumohl, managing director and chief economist at Economic Outlook Global Group in Princeton, New Jersey.

Dow Jones Industrial Average. DJI rose 7.80 points, or 0.07 %, to 11,577.51. Standard & Poor's 500 Index. SPX fell 0.24 points, or 0.02 %, to 1,257.64. Nasdaq Composite Index. IXIC was down 10.11 points, or 0.38 %, to 2,652.87.

Nasdaq was pressured by Netflix Inc. (NFLX.O) and F5 Networks Inc. (FFIV.O), two stocks have performed well this year. Netflix has won 226 % in 2010, but sank 2.3 % to 175.70 dollars on Friday. F5 Networks Inc. (FFIV.O), up 150 % this year, fell 1.7 % to $ 130.16.

Drugstore chain CVS Care Mark Corp (CVS.N) decided to buy the Universal American Corp. (UAM.N) Medicare Prescription Drug business of approximately $ 1,250,000,000. Universal American has grown by 40 % to $ 20.45, while CVS fell 0.7 % $ 34.77.

U.S. side displayed IMAX Corp. (IMAX.O) rose 4.5 % to $ 28.07 after the Daily Mail reported that Sony Corp. (6758.T) could provide at least $ 40 per share for the film the company on a big screen. Sony has denied the report.

Much of the 2010 rally was held in the first half of December, after President Obama has announced an agreement to extend the tax rates of the Bush era and some positive economic data points.

S & P 500 gained 6.5 per cent per month, while the Dow rose 5.2 % and the Nasdaq rose 6.2 %.

The second half of the month was marked by turnover seasonally low, which was aggravated by a snowstorm in Northern U.S., displacing anemic market. In the last week of the year, barely budged Dow and the S & P has risen only 0.1 %. Nasdaq fell 0.5 % in the week.

"What we want to avoid a selloff today promotes the idea that could break the January," said Keith Springer, president of Springer Financial Advisors in Sacramento, California.

Investors closely monitor a wealth of data next week no incentive to take profits or extend rally, including the new sounds of construction costs, sales at comparable stores and services.

Almost four stocks rose for every three that fell on the NYSE, while on Nasdaq, stocks are nearly three for every two that rose.
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