Nasdaq Composite tallies best November since 2009

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Nasdaq Composite tallies best November since 2009
from MarketWatch.com - MarketPulse
NEW YORK (MarketWatch) --U.S. stocks ended little changed on Friday, with the Nasdaq Composite recording its first positive November since 2009 as lawmakers wrangled over a budget deal. "All the focus for December is going to be the cliff," said Nick Raich, director of research at Key Private Bank in Cleveland. Fourth-quarter earnings expectations have "come down so much that the estimates are achievable, so if we get any sort of clarity on fiscal policy, it paves the way for upside earnings surprises," he said. Up 0.1% for the week and off 0.6% for the month, the Dow Jones Industrial Average rose 3.22 points to 13,025.04. The S&P 500 index gained a fraction to 1,416.25, leaving it up 0.5% from the week-ago close and up 0.3% for November. The Nasdaq shed nearly two points to 3,010.24, a 1.5% weekly gain and up 1.1% for the month.