• U.S. stocks were little changed

Market news

9 January 2012

U.S. stocks were little changed

U.S. stocks were little changed, following last week’s advance in the Standard & Poor’s 500 Index, as leaders discussed shoring up the euro and investors awaited the start of the fourth-quarter earnings season.

Dow 12,384.71 +24.79 +0.20%, Nasdaq 2,677.67 +3.45 +0.13%, S&P 500 1,280.10 +2.29 +0.18%

Alcoa Inc. (AA) increased 2.4 percent as it becomes the first company in the Dow Jones Industrial Average to report quarterly results after the market close.

Broadcom Corp. rallied 2.8 percent after Deutsche Bank AG said soft fourth-quarter results for chipmakers create a buying opportunity for the shares.

Costco Wholesale Corp. lost 2.5 percent after Sanford C. Bernstein & Co. cut its rating for the warehouse-club chain.

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