US stocks muted but set to end month with strong gains
U.S. stocks are flat despite government data suggesting that wages and consumer spending growth remain feeble, but the market is on track for its strongest month in four years.
Shares of energy companies First Solar were up 12 percent and Phillips 66 were up 5 percent Friday on strong earnings reports. KeyCorp was down 6 percent on news that it was in talks to buy First Niagara Financial Group.
The Dow Jones industrial was up less than a point to 17,756 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index was also up less than a point to 2,089. The Nasdaq composite was up 3 points to 5,076.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.16 percent.