U.S. stocks slipped Friday as the Commerce Department said consumer spending dropped 0.2 percent in October.
Personal incomes and disposable incomes were both flat in the month. The Bureau of Economic Analysis said Hurricane Sandy disrupted work, which derailed payroll gains that may have turned into spending.
In early afternoon trading, the Dow Jones industrial average was flat, dropping 12.14 or 0.09 percent to 13,009.68.
The tech-heavy Nasdaq index lost 5.60 points or 0.19 percent to 3,006.42. The Standard & Poor's 500 was off 1.62 points or 0.11 percent to 1,414.33.
The 10-year treasury note was u 1/32 to yield 1.616 percent.
The euro rose to $1.3002 from Thursday's $1.2979. The dollar rose to 82.52 yen from 82.12 yen.
Japan's Nikkei 225 index climbed 0.48 percent, 45.13 points, to 9,446.01.
Britain's FTSE 100 index dropped 0.06 percent, 3.48 points, to 5,866.82.
Most Popular Stories
- Airport Garners Social Media Award
- Social Media Campaign Increases Organ Donor Registrations
- Cost of Health Care Slowing in U.S.
- World Bank: Rich Countries Must Curb Emissions
- Intel Working on Smartwatch; Mum on Possible Apple Link
- Patriots' Aaron Hernandez Questioned in Slaying
- Using Acids to Unlock Shale Oil OK, Regulator Says
- Microsoft Says XBox Is No Big Brother
- Fed Will Keep Buying Bonds for Now; Markets Dip
- NHU, Canada College Partner on B.A. in Child Development