Wall Street rally stalls, S&P 500 skims November 2007 high

An exterior shot of the New York Stock Exchange in New York December 20, 2012. REUTERS/Andrew Kelly

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.

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