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The Journal Gazette

Tuesday, December 04, 2012 4:34 pm

News Summary: Stocks little changed on Wall Street

By The Associated Press

SIDEWAYS: Stocks were little changed as investors waited for developments in crucial budget talks. The Standard & Poor's 500 index traded within a 10-point range before closing down 2 points at 1,407.

BIG GAIN: Big Lots, a discount retailer, reported a loss that wasn't as bad as analysts had forecast and raised its full-year profit estimate. The stock gained $3.23, or 11.5 percent, to $31.27.

LOST APPETITE: Darden Restaurants, owner of the Olive Garden, Red Lobster and LongHorn Steakhouse restaurants was one of the day's big losers after the company cut its profit forecast for the year. The stock fell $5.02, or 7.5 percent, to $47.40.