Stocks ended mixed after a seesaw session today, with strong performance by tech and energy shares contrasting with bad news on consumer spending and incomes, MarketWatch reports. The Dow closed down 7.90 at 12,638.32. The Nasdaq gained 14.34 to 2,522.66, while the S&P 500 ticked up 2.12, ending at 1,400.38.
Computer manufacturer Dell rallied after posting a 3.7% earnings growth for the first quarter, beating expectations. Oil, poised to go back over $130 per barrel, pushed energy shares higher as investors continue to use commodities as a hedge against inflation. A Commerce Department report said consumer spending and incomes rose 0.2% in April, but the effect was quashed by a similar rise in prices.