The Dow Jones industrial average is closing in on the hallowed 20,000 milestone, but it's sleepwalking on its way there. Yesterday, the Dow marked its narrowest daily trading range in more than two years, moving less than 45 points between its highest and lowest levels of the day.
These things tend to happen around the holidays, when trading volume is low. Yesterday's move was the smallest fluctuation since November 26, 2014, the day before Thanksgiving that year.
Individual stocks showed almost no movement on the day. Nike was the Dow’s best performer but it climbed less than 1 percent. Merck & Co., the biggest laggard, fell 1.8 percent.