Sleepy Christmas for Stocks

Investors shrug off negative data
By Kevin Spak,  Newser Staff
Posted Dec 24, 2008 8:47 AM CST
Sleepy Christmas for Stocks
Chile's Finance Minister Andres Velasco, right, meets with specialist Joseph Mastrolia during his visit to the floor of the New York Stock Exchange, Friday Dec. 19, 2008.   (AP Photo/Richard Drew)

There was plenty of bad news for the market today, but investors largely shrugged it off and turned their minds toward Christmas dinner. The Dow rose a mere 3.64 points at the open, while the S&P gained 2.32 points. Consumer spending fell 0.6% last month, and initial jobless claims reached yet another 26-year high, but many investors were sitting out today’s abbreviated session. (Read more stock market stories.)

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