US STOCKS-Wall Street little changed after two-day run

Fri Dec 19, 2014 9:52am EST
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* Blackberry falls after results

* Brent holds near $60 a barrel

* Indexes: Dow off 0.09 pct, S&P up 0.05 pct, Nasdaq off 0.2 pct (Adds quote, updates prices)

By Chuck Mikolajczak

NEW YORK, Dec 19 (Reuters) - U.S. stocks were little changed on Friday, after the Federal Reserve's most recent policy statement sparked the best two-day run for the benchmark S&P 500 in three years.

The S&P had climbed 4.5 percent over the previous two sessions, spurred by the U.S. Federal Reserve's commitment Wednesday to take a "patient" approach toward raising interest rates while signaling it was on track to raise rates in 2015. That provided clarity and relief to investors over the policy outlook, analysts said.

Brent crude oil advanced to hover just above $60 a barrel on Friday, recovering from near a 5-1/2-year low while WTI crude climbed 3 percent to $55.68.

"Basically, all we are doing is recovering from the oil-induced selloff, it's kind of coming back to where we were about two weeks ago," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.

"We have digested the drop in oil, we have gotten past the Fed, and now we will see what we will do for the rest of the year."   Continued...