Stocks Mixed on Weaker Spending and Sentiment Results

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Stocks Mixed on Weaker Spending and Sentiment Results

Financial Markets News 0

NEW YORK (TheStreet) — U.S. stocks were mixed Friday following weaker-than-expected consumer spending, which accounts for 70% of overall economic activity. A consumer sentiment reading was also weaker. Yet markets were looking to close historically weak May on a high, with the S&P 500 popping nearly 2% over the month. The Dow Jones Industrial Average was off 0.16% to 16,672.45 while the Nasdaq was 0.07% lower to 4,244.87. The S&P 500 was fluctuating between gains and losses at 1,920.24.Consu…

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