A Mixed Session

Indices closed out mixed on Friday. The Dow and S&P 500 added fractional gains while the Nasdaq ended slightly in the red zone. Wal-Mart, Home Depot and Johnson & Johnson led the Dow’s marginal ascent. Stocks rebounded from earlier losses to end trading mostly flat today on Wall Street. Moves were mixed amid an assortment of economic news. The Bureau of Economic Analysis reported unchanged personal income figures for October following a 0.4% upswing in September. Meanwhile, personal spending slipped 0.2% last month after rising 0.8% in September. Economists had expected personal income to increase 0.2% and personal spending to be flat. On another note, manufacturing activity in the Midwestern region jumped up this month. The Chicago PMI hit 50.4 in November. Up from 49.9 in October, economists had anticipated a reading of 50.5. In other news, crude oil futures added 84 cents to settle at $88.91 a barrel.

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