Stocks Finish Close to Flat After Big Europe Plan Rally
NEW YORK (TheStreet) -- Stocks held close to the flatline throughout Friday's session and the Dow Jones Industrial Average nabbed its fifth consecutive week of gains, suggesting that the eurozone debt plan is lending some welcome stability to the market.
The Dow gained 23 points, or 0.2%, to settle at 12,231. The S&P 500 rose half a point, or 0.04%, to finish at 1285, while the Nasdaq closed down by 2 points, or 0.05%, at 2737.
Overall, the Dow surged 3.6% for the week, while both the S&P 500 and Nasdaq advanced 3.8%. The Dow rose more than 524 points in the past three sessions, an increase of 4.5%, and is now sitting at its highest closing level since July 28. So far in October, the blue-chip index has added 12.1%, which has put it up 5.7% year-to-date.
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