Stocks mixed Wall Street digests week's economic data
Washington - Major US stock indices closed down for the week on Friday as investors took in economic data and corporate earnings reports that left a mixed picture.
Many of the large corporate earnings reports for the third quarter included at least an element of disappointing news. That apparently overshadowed the Commerce Department's announcement on Friday that US economic growth picked up a bit to an annual rate of 2 per cent in the third quarter.
The blue-chip Dow Jones Industrial Average added 3.53 points, or 0.3 per cent, to 13,107.21. The broader Standard & Poor's 500 Index dipped 1.03 points, or 0.07 per cent, to 1,411.94. The technology-heavy Nasdaq Composite Index was up 1.83 points, or 0.06 per cent, to 2,987.95.
The US currency slipped against the euro to 77.26 euro cents from 77.27 euro cents on Thursday. The dollar fell against the Japanese currency to 79.64 yen from 80.33 yen.//DPA
