Stocks Reverse Course, Close Slightly Higher

NEW YORK (December 13, 2013) Stocks closed slightly higher Friday, but not high enough to avoid a second losing week in a row.

Indexes reached record highs as recently as Monday, but then declined as investors worried that stocks are overpriced and that the Federal Reserve will decide next week to reduce its economic stimulus.

The Dow Jones industrial average edged up 16 points, or 0.1 percent, to close at 15,755 points Friday.

The Standard & Poor's 500 index was flat at 1,775.

The Nasdaq composite rose two points, less than 0.1 percent, to end the day at 4,001.

Adobe Systems jumped 13 percent after reporting higher revenue for subscription-based software services.


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