The stock markets in the United States fluctuated declined, wiping out earlier gains today–the last trading session for 2014. The markets were negatively impacted by the weakness of equities in the utilities and telecommunications sector. Sign up for our free daily newsletter The S&P 500 was down 0.52%, the Dow Jones Industrial Average DJIA dropped 0.40% and the NASDAQ fell 0.37% at the time of this writing, around 2:37 in the afternoon in New York. The stock markets will be closed tomorrow for the New Year's Day holiday. Laszlo Birinyi, president and founder of Birinyi Associates, a research and investment management firm believed that the U.S. stocks will continue to enjoy a bull market into a seventh year. During a radio interview with Vonnie Quinn on The Bloomberg Advantage, Birinyi said the S&P 500 is in a "protracted, durable bull marke t." "We think this is a protracted, durable bull market and we should not see anything on the downside. On a three to six-month horizon, things look good to us. There aren't going to be any surprises." The equities in the United States have been experiencing an upward momentum in six years, and added approximately $15 trillion in stock value. The Federal Reserve maintained its low interest rates, which help double corporate profits. The Fed recently stated that it can be patient when it comes to increasing the interest rates. Commenting on the interest rates, Birinyi said, "Rates at some point will pick up. We're looking for a three-quarter of a percent rise by the end of next year. The economy has been a surprise for some time." Birinyo added that investors will continue to be interested in healthcare and technology stocks. He considers Google Inc as a "wonderful, long-term stock."