U.S. stocks on Friday, finished with a 2 percent weekly gain although investors remained cautious about next week's policy-setting meeting by the Federal Reserve.
We have a Fed decission on Tuesday, who is going to make a big bet now? So we have a lot of folks sitting on their hands, said Art Hogan, chief market strategist at jeffers & Co.
Dow Jones Industrial Average increased by 0.04%, finishing at 13,625.6 ending with a weekly gain of 1.9%.
There were mixed reactions among the 30 Dow components with 13 ending the week with gains led by Alcoa Inc.
American Express Co. was the experienced the biggest loss on the Dow backsliding by 4.3%, followed by Amex.
Merrill Lynch analysts advised clients to sell stock and shares of Discover Financial Services and Capital One Financial Corp. expecting consumer spending to deteriorate and lead to a recession next year.
S&P 500 declined by 0.18% to 1,504.66 finishing the week with 1.6% gain while Nasdaq declined 0.11% to 2,706.16 ending the week with 1.7% gain.