Wall Street drifted to a slightly higher close as trading remained light on this holiday-shortened week.
The S&P 500 edged up 0.1 percent Wednesday. The Dow rose 0.3 percent and the Nasdaq rose 0.2 percent. Markets are holding on to modest gains for the week so far, and the S&P 500 is coming off its eighth straight winning week.
With just two more trading days left in the year, major indexes are on track to post hefty annual gains. The S&P 500 is up more than 24 percent for the year, while the Nasdaq, which is heavily weighted with technology companies, is up 44 percent.
On Wednesday:
The S&P 500 rose 6.83 points, or 0.1 percent, to 4,781.58.
The Dow Jones Industrial Average rose 111.19 points, or 0.3 percent, to 37,656.52.
The Nasdaq composite rose 24.60 points, or 0.2 percent, to 15,099.18.
The Russell 2000 index of smaller companies rose 7.02 points, or 0.3 percent, to 2,066.21.
For the week:
The S&P 500 is up 26.95 points, or 0.6 percent.
The Dow is up 270.55 points, or 0.7 percent.
The Nasdaq is up 106.20 points, or 0.7 percent.
The Russell 2000 is up 32.25 points, or 1.6 percent.
For the year:
The S&P 500 is up 942.08 points, or 24.5 percent.
The Dow is up 4,509.27 points, or 13.6 percent.
The Nasdaq is up 4,632.69 points, or 44.3 percent.
The Russell 2000 is up 304.97 points, or 17.3 percent.
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