Tuesday

The Dow Jones Industrial Average closed higher today, led by gains in Chevron and Hewlett-Packard. Chevron rose 1.2% after a county official in California said that a company refinery there was operating. A California Emergency Management Agency filing earlier said the plant had been shut down. Hewlett-Packard rose 1% after it said that it was awarded a 10-year contract for up to $2.5 billion to supply personal computers, accessories and support services to NASA. DJIA +20.51 Nasdaq -4.39 S&P 500 +.97.

Monday

U.S. blue-chip stocks closed with small losses as investors took a step back after a fresh round of interest rate increases in China. Cisco systems helped limit the Dow's drop with a jump of 2.4% after Barron's said in its latest issue that investors are underestimating the networking giant's prospects and positioning in tech's new world. The S&P 500's energy sector fell as investors fretted over the potential impact on global demand for commodities after China raised its key lending and deposit rates by a quarter percentage point each on Saturday. DJIA -18.46 Nasdaq +1.67 S&P 500 +.77.

Friday

The Dow Jones Industrial Average teetered around the flat line as regulatory worries weighed on drug makers, while positive profit reports from technology companies helped limit the broader market's losses. Pharmaceutical stocks fell after the FDA delayed approval of a blood-thinning drug from European drug maker AstraZeneca, raising fears of greater hurdles in bringing new medications to market. Recent U.S. economic data have fueled hopes that the outlook is brightening gradually, though major market moves are not expected later this month. DJIA -7.34 Nasdaq +5.66 S&P 500 +1.04.

Wednesday

Stocks fell slightly as investors fretted over euro-zone finances, but encouraging U.S. economic data limited the decline. The euro slipped after Moody's Investors Service said it may downgrade its ratings on Spanish government debt, and Standard and Poor's Ratings Services lowered its ratings outlook on Belgium from stable to negative. The warnings added to investors' worries over the euro zone even as U.S. data showed New York manufacturing activity roared ahead this month after contracting in November. U.S. industrial production staged a modest rebound in November following a brief drop-off. Capacity utilization bounced back as well. DJIA -19.07 Nasdaq -10.50 S&P 500 -6.36.

Tuesday

Stocks closed higher today as the Federal Reserve stuck to its easy-money policy and economic data showed improvement. Shortly after the Fed's statement was released, the Dow Jones Industrial Average hit 11514.08, its highest intraday level since September 2008. But the Dow along with other market measures pared its gains later in the session as investors worried that the combination of the Federal Reserve's continued easy-money policy and improving economic data could spur inflation. DJIA +47.98 Nasdaq +2.81 S&P 500 +1.13.