US SHARES crept up to new 2009 highs in the final trading week of the year as momentum was weighed down by airline stocks following a failed attack on a US passenger plane last week.
The Dow Jones Industrial Average rose 27.13 points (0.26 per cent) to 10,547.23 at the market close, posting the sixth consecutive session of gains.
The technology-rich Nasdaq composite climbed 5.39 points (0.24 per cent) to 2291.08 and the broad-market Standard & Poor's 500 index rose 1.30 points (0.12 per cent) to a preliminary close at 1127.78.
"We are in the classic Santa Claus rally period," said Al Goldman, chief market strategist at Wells Fargo Advisors, referring to the trading days usually associated with an upward bias.
US markets will be closed on Friday for the New Year's holiday.
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Shares higher at noon2 banks repay bailout loans
