Stocks rise modestly on election's eve
- Associated Press
- November 5, 2012 - 3:05 PM
NEW YORK - The stock market is treading water before Election Day.
The Dow Jones industrial average is ending this election eve up 19 points at 13,112. The Standard & Poor's 500 index finishes the day up three at 1,417. The Nasdaq composite index climbed 17 to a hair under 3,000.
A managing director at the brokerage Charles Schwab says the markets are marking time, waiting for the election result.
Among individual stocks, Time Warner Cable lost more than 6 percent after posting earnings that fell short of analyst predictions.
Advancing stocks beat decliners, but just barely. Trading volume was light, about 2.9 billion shares.
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