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Posted: 11:30 AM Dec 30, 2011
Little changed on last day of trading of 2011
NEW YORK (AP) -- Stocks are mixed on the final day of trading, but it appears the major indexes will end up in the black for the year.
Reporter: Associated Press Email Address: tips@nbc11news.com |
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NEW YORK (AP) -- Stocks are mixed on the final day of trading, but it appears the major indexes will end up in the black for the year.
McDonald's is shaping up to be the biggest winner in the DOW this year with a gain of 31 percent. Bank of America Corp. was the worst, down 59 percent.
AMR, the parent company of American Airlines, is down 16 cents to 35 cents. The company filed for bankruptcy protection last month. The company says its stock will be delisted from the New York Stock Exchange next week.
The parent company of Sears and Kmart is down 2 percent to $32.28 after Fitch Ratings downgraded the company's credit rating to "junk." Sears has plunged 30 percent this week after disclosing that it will close more than 100 Sears and Kmart stores because of weak holiday sales.
Volume on the New York Stock Exchange has been about half of its daily average this week with many traders on vacation.
(COPYRIGHT 2011 BY THE ASSOCIATED PRESS. ALL RIGHTS RESERVED.)
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