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Telecomunicaciones y tecnología

Stocks edge up after economic data


    NEW YORK (Reuters) - Stocks edged up on Wednesday during an abbreviated holiday session as investors digested a mixed bag of data to gauge the extent of deterioration in the economy.

    * A government report showed U.S. consumers cut spending for the fifth straight month in November and their incomes shrank, pointing to deeper recessionary pressures.

    * Other data measuring initial applications for unemployment benefits showed a 30,000 jump last week to a 26-year high of 586,000 versus 556,000 in the prior week.

    * The Dow Jones industrial average added 28.52 points, or 0.34 percent, at 8,448.01. The Standard & Poor's 500 Index rose 1.58 points, or 0.18 percent, at 864.74. The Nasdaq Composite Index edged up 2.06 points, or 0.14 percent, at 1,523.60.

    (Reporting by Deepa Seetharaman; Editing by Leslie Adler)