New York, NY (AP) - Stocks are ending mostly flat after expectations
that a tax-cut package will pass the Senate kept them higher for
much of the day.
The tax-cut compromise brokered by the White House and
Republicans was scheduled for its first Senate vote late Monday.
The S&P 500 index eked out a new 2010 high for the fourth time
in four days. The index rose 0.06 point to 1240.46.
Other indexes took a late afternoon spill. According to
preliminary calculations, the Dow Jones industrial average rose 18,
or 0.16 percent, to 11,428, having been up as many as 70 points
earlier.
The Nasdaq composite fell 12, or 0.5 percent, to 2,625.
Falling shares and rising ones were almost evenly matched on the
New York Stock Exchange. Volume was 961 million shares.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
