Wall Street pauses after rally to five-year high
NEW YORK (Reuters) – Stocks drifted in light volume on Wednesday, ending little changed, as investors remained cautious after the S&P 500 index briefly hit its highest intraday level since November 2007. The S&P 500 was buoyed by General Electric after cable company Comcast Corp said it will buy from GE the the part of NBCUniversal it didn’t already own for $16. 7 billion. Comcast’s stock hit the highest since 1999 before closing up 3 percent at $40. 13 and GE gained 3. 6 percent to $23. 39. The S&P 500 is up 6. . . .
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