By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks remained little changed on Friday, a day after ending at record heights, as Wall Street considered consumer-confidence data and bank earnings.
J.P. Morgan Chase & Co. JPM +0.50% and Wells Fargo & Co. WFC +1.41% gained after both reported second-quarter results that beat expectations. Read Wells Fargo story.
The major indexes offered little reaction to reports that had consumer confidence slipping in July. Another economic report Friday had the Labor Department reporting a 0.8% rise in the producer-price index in June, with energy and vehicle prices rising.
The Dow Jones Industrial Average DJIA +0.16% gained 8.88 points, or 0.1%, to 15,469.80.
The S&P 500 SPX +0.05% fell 1.15 points to 1,673.95, with utilities the largest laggard and financials pacing sector gains.
The Nasdaq Composite COMP +0.22% gained 1.48 points to 3,579.78.
For every three stocks rising, roughly four gained on the New York Stock Exchange, where 110 million shares traded as of 10:10 a.m. Eastern.
Composite volume surpassed 482 million.
United Parcel Service Inc. UPS -5.14% declined 5.5% after the shipper reduced its outlook.
The yield on the 10-year Treasury note 10_YEAR -2.02% fell to 2.532%, while the U.S. dollar DXY +0.38% gained against the currencies of major trading partners including the yen USDJPY +0.20% .
Crude costs rose, with futures for August delivery CLQ3 +0.30% pricing a barrel of oil at $105.31. Gold prices GCQ3 -0.06% retreated a bit from recent gains, down 0.1% at $1,278.60 an ounce.
