The major stocks were wavering Friday as positive economic reports released this week sparked questions about the Federal Reserve’s future stimulus plans. As of 12 p.m.:
|DIJA: -0.24% to 14988.97||S&P 500: -0.12% to 1611.28||NASDAQ: +0.08% to 3404.42|
|Gold: +1.38% to 62.90||Oil: +0.23% to 22.541||U.S. 10-Year: +0.24% to 24.89|
Here are three stories helping shape the market Friday afternoon.
1. Consumer Sentiment Takes a Surprising Turn: Despite sluggish economic growth and lingering high rates of unemployment, consumer sentiment in the United States remains near six-year highs.
According to the Thomson Reuters/University of Michigan’s final reading, consumer sentiment in June came in at 84.1, a slight decrease from 84.5 in May. Last month’s reading was the best level for the index since July 2007… (Read more.)