Stocks Close Mostly Up, Post Declines for the Week
- Friday, December 13, 2013, 16:54
- Stock Market
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U. S. stocks ended mostly up on Friday but logged their worst week in nearly four months as
investors remained cautious before a Federal Reserve policy meeting next week. The Dow Jones
Industrial Average rose 15.93 points, or 0.10%, to 15,755.36, finishing with a 1.7% drop for the
week. The S&P 500 was down 0.18 point to close at 1,775.32, ending with a 1.7% decline for the
week. The Nasdaq Composite gained 2.57 points, or 0.06%, to finish at 4,000.98 on Friday, losing
1.5% for the week.
The Federal Reserve, already exhausted after a year of missteps in the spotlight, has one last
trick to pull off before it exits the stage — getting out of the controversial bond-buying
business without causing long-term interest rates to soar.
Sprint Corp.(S) the No. 3 mobile-phone carrier in the U.S., is said to be weighing a bid for T-
Mobile US Inc. TMUS -0.69% that could be worth more than $20 billion.
Boeing has released more details of its $1 billion expansion in South Carolina, announcing it has
acquired more land and will open a painting facility in the state.
Charter Communications Inc is preparing to send an offer letter to acquire Time Warner Cable Inc
as soon as next week, a source close to the matter said on Friday. The offer is expected to be
less than $135 per Time Warner Cable share and will be a combination of cash and stock,
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