Bloomberg News

U.S. Stocks Remain Little Changed After Consumer Confidence Data

May 25, 2012

Traders work at the New York Stock Exchange (NYSE) in New York. Photographer: Scott Eells/Bloomberg

Traders work at the New York Stock Exchange (NYSE) in New York. Photographer: Scott Eells/Bloomberg

U.S. stocks remained little changed after a gauge of consumer confidence topped economists’ estimates as investor attention remained focused on Europe’s debt crisis.

The Standard & Poor’s 500 Index increased 0.2 percent to 1,323.30 at 9:57 a.m. in New York. The Dow Jones Industrial Average slipped 3.4 points to 12,526.35.

The Thomson Reuters/University of Michigan final index of consumer sentiment for May rose to 79.3 from 76.4 at the end of last month. Economists projected the gauge to hold at the preliminary May reading of 77.8, according to the median estimate in a Bloomberg News survey.

The S&P 500 fluctuated earlier as concern about regional Spanish government finances and plans that would force some investors to take take losses at failing European banks threatened to halt a four-day advance

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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