U.S. stocks ended mixed on Friday after major indexes surged in previous session on European debt deal.
Investors breathed a sigh of relief on Thursday after European leaders reached an agreement to tackle the region's debt problem.
On Friday investors realized there were still uncertainties of the deal's details. They doubted the deal was not a strong package and could probably not stop the bloc's sovereign debt crisis.
So some traders chose to take some risk off the table.
Friday's data was fairly positive, continued to show the U.S. economy was gaining momentum. The final reading of the Reuters/ University of Michigan gauge of consumer sentiment moved up to 60. 9 from a preliminary reading of 57.5, and topping estimates of 58.
A separate report showed U.S. personal spending rose 0.6 percent in September while personal income added 0.1 percent.
The Dow Jones industrial average added 22.56 points, or 0.18 percent, to 12,231.11. The Standard & Poor's 500 added 0.49 points, or 0.04 percent, to 1,285.08. The Nasdaq Composite Index dropped 1. 48 points, or 0.05 percent, to 2,737.15.
Investors breathed a sigh of relief on Thursday after European leaders reached an agreement to tackle the region's debt problem.
On Friday investors realized there were still uncertainties of the deal's details. They doubted the deal was not a strong package and could probably not stop the bloc's sovereign debt crisis.
So some traders chose to take some risk off the table.
Friday's data was fairly positive, continued to show the U.S. economy was gaining momentum. The final reading of the Reuters/ University of Michigan gauge of consumer sentiment moved up to 60. 9 from a preliminary reading of 57.5, and topping estimates of 58.
A separate report showed U.S. personal spending rose 0.6 percent in September while personal income added 0.1 percent.
The Dow Jones industrial average added 22.56 points, or 0.18 percent, to 12,231.11. The Standard & Poor's 500 added 0.49 points, or 0.04 percent, to 1,285.08. The Nasdaq Composite Index dropped 1. 48 points, or 0.05 percent, to 2,737.15.
