Stocks Close Mostly Up, Post Declines for the Week

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,

About the Author

has written 15967 stories on this site.

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

You must be logged in to post a comment.

Copyright © 2012 Nine Stocks