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Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
Time magazine salutes their 100 most influential
Time magazine salutes their 100 most influential - 01:39
Tank convoy seen near Damascus
Tank convoy seen near Damascus - 00:53
U.S. says Libyan opposition deserves support
U.S. says Libyan opposition deserves support - 01:33
Deadly clashes in Sanaa, Yemen
Deadly clashes in Sanaa, Yemen - 01:11
Mega gas field find in Bolivia
Mega gas field find in Bolivia - 01:22

Stocks flat, waiting game almost over

Wednesday, December 18, 2013 - 01:31

Dec. 17 - Summary: Investors were wary of making big bets ahead of Wednesday's Fed policy meeting conclusion; Facebook to test video ads; Tech execs chat up Obama on NSA. Fred Katayama reports.

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PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL Stocks closed flat as investors were wary of making big bets before the end of the Fed's two-day policy meeting Wednesday. A rebound in the annual inflation rate and a pickup in homebuilder confidence could give the Fed cover to start tapering its stimulus earlier than March. Both the Dow and Nasdaq finished just slightly below where they began the day. Facebook got a lift after it said it would start testing video ads in news feeds on Thursday. Oppenheimer raised its price target on the stock. In Washington, top executives from Facebook, Google, and other high tech giants met with President Obama to discuss the troubled healthcare.gov website and their request that the government curb its massive surveillance programs. Back on Wall Street, fans of buybacks and dividends plowed into stocks of Post-it producer 3M and jet maker Boeing. Both upped their payouts and unveiled new buyback plans. Printer maker HP shot up on a ratings upgrade. JP Morgan predicts the decline of printing demand will level off. The maker of the robot vacuum cleaner, Roomba, zoomed higher. Raymond James raised its rating on IRobot. But AT&T fell. The phone company said it's selling its landline business in Connecticut to phone operator Frontier Communications. Frontier's stock rocketed higher. In Europe, stocks resumed their downward slide on worries that the Fed would act soon.

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Stocks flat, waiting game almost over

Wednesday, December 18, 2013 - 01:31