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| TRADING CENTER |
Wall Street tip-toes into DecemberStocks edge higher as investors focus on General Motors, await manufacturing, auto sales numbers.NEW YORK (CNNMoney.com) -- Stocks opened with modest gains Friday as investors eyed General Motors stock and waited to hear news about the general health of the economy. The Dow Jones industrial average ticked higher, the Nasdaq wavered while the S&P 500 index edged barely above breakeven. Trading Friday will also be influenced by the morning's economic news, including November sales results from automakers, the November ISM national manufacturing survey and the October construction spending report expected at 10 a.m. ET. Investors were also watching GM (Charts) after news reports that Kirk Kerkorian, GM's top shareholder, has unloaded his entire stake in the world's largest auto maker Oil prices fell after hitting a two-month high above $63 Thursday. U.S. crude sank 71 cents to $62.42 a barrel. The dollar fell yet again against the euro and the yen. |
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