US are stocks mixed in early trading
Source: AP-EXCITE
By ALEX VEIGA
U.S. stocks were mixed in early trading Friday as investors looked over a batch of new reports on the economy ahead of the Labor Day holiday.
KEEPING SCORE: The S&P 500 was little changed at 1,996 as of 9:56 a.m. Eastern. The Dow Jones industrial average fell 15 points, or 0.1 percent, to 17,063. The Nasdaq composite rose three points, or 0.1 percent, to 4,560.
CONSUMERS PULL BACK: The Commerce Department reported that consumer spending edged down 0.1 percent in July, the first monthly drop in spending since January. A drop in auto sales accounted for most of the decline. At the same time, income growth slowed to 0.2 percent in July, the weakest showing in seven months.
SECTOR VIEW: Eight of the 10 sectors in the S&P 500 index rose, led by technology stocks. Consumer staples fell the most.
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FILE - The New York Stock Exchange is shown, Tuesday, Aug. 9, 2011 file photo taken in New York. Global stock markets were muted Thursday Aug. 28, 2014 ahead of U.S. economic data and possible policy announcements from Japan.(AP Photo/Mark Lennihan, File)
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