Wall Street off to wobbly startStocks open mixed after the closely watched personal income and spending report shows no inflation; durable goods orders tumble.NEW YORK(CNNMoney.com) -- Wall Street was unsteady in the first moments of Friday's session and before the start of the three-day Christmas holiday. The Dow Jones industrial average and S&P 500 index fell while the Nasdaq struggled to inch higher. In economic news, the closely watched personal income and spending report showed inflation was in check with no rise in prices outside of food and energy before the opening bell Friday. Also durable good orders, excluding transportation, fell 1.1 percent in second consecutive monthly drop, according to the Commerce Department says. Oil prices rose 19 cents to $62.85 in early trade after tumbling on Thursday. |
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