Stock Market News: Dow Crawls Higher
Stocks largely moved sideways in afternoon trading Thursday, with all three major indexes little changed.
The Dow Jones Industrial Average was flat, while the S&P 500 ticked down 0.1%, and Nasdaq Composite edged 0.1% lower.
It’s worth noting that trading volumes were quieter than usual Thursday as the stock market reopened following the Christmas Day break.
According to Dow Jones Market Data, 6,580,410,458 shares had been traded as of 1 p.m. ET on Thursday, compared to the average daily volume of 7,564,731,971 so far this month.
That being said, there’s still news in some corners of the market. Apple stock edged closer to a $4 trillion market capitalization, and Toyota Motor stock jumped after a report said the auto maker is aiming to increase its return-on-equity target to 20%.