Friday’s Mid-Day Movers: 3 Stories Driving Markets

Midday Recap Main Image

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.)