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Monday, December 6, 2021

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    Stocks trade flat despite a big drop in consumer sentiment

    Damian J. Troise

    Stocks were little changed Friday as gains for technology and health care companies are checked by weakness in energy and other sectors.

    Investors had little reaction to economic data that showed a drop in consumer confidence last month due to the delta variant of the coronavirus.

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    The S&P 500 rose 0.1% as of 11:36 a.m. Eastern. The Dow Jones Industrial Average rose 34 points, or 0.1%, to 35,534 and the Nasdaq rose less than 0.1%. Both the benchmark S&P 500 and the Dow are on pace for weekly gains. Small-company stocks fell. The Russell 2000 was down 0.5%.

    Technology companies made some of the broadest gains. Chipmaker Advanced Micro Devices rose 4.2%. Healthcare companies also gained ground. Pfizer rose 1.6% and Moderna rose 0.5% after U.S. regulators authorized a booster shot of their COVID-19 vaccines for people with weakened immune systems.

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