FED FIZZLE: Stocks ended the day little changed after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out. The central bank said it will keep spending $85 billion a month on bond purchases to drive down long-term borrowing costs and stimulate borrowing. Investors were briefly distracted but are more concerned about the crucial budget talks going on in Washington.
FIVE-WEEK HIGH: The Standard & Poor's 500 held at a five-week high. The index has advanced on speculation that lawmakers will reach a deal to avoid the U.S. going over the "fiscal cliff" in January.
BUFFET BUYBACK: Berkshire Hathaway's Class A shares jumped $3,169, or 2.4 percent, to $134,000 after the company paid $1.2 billion to repurchase 9,200 shares from the estate of a longtime shareholder. The board of Warren Buffett's company also approved paying higher prices for future buybacks.
- Investment & Company Information