There was little corporate news on Friday as traders looked toward a four-day break that includes a suspension of trading for New Year's Day and the funeral of US president Gerald Ford. And, again trading was thin.
Advancing issues outnumbered decliners by about 2 to 1 on the New York Stock Exchange, where volume came to 1.2 billion shares, compared to 1.32 billion on Thursday.
The Russell 2000 index of smaller companies dipped 6.82, or 0.86 percent, to 787.66.
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