New York: Stock prices have fluctuated after investors found some upbeat news in the government's assessment of the US economy during the April-June quarter.
The Dow Jones industrial average, down almost 120 points in the first minutes of trading, recovered and was down 8 points at midday.
The Commerce Department said on Friday the gross domestic product, the broadest measure of the economy, grew at an annual pace of 2.4 per cent from April to June.
Analysts found good news in consumers' savings rate.
In midday trading, the Dow Jones industrial average fell 8.03, or 0.1 per cent, to 10,459.13. The Standard & Poor's 500 index fell 1.29, or 0.1 per cent, to 1,100.24, while the Nasdaq composite index rose 0.27, or less than 0.1 per cent, to 2,251.96.
Oil prices settle higher
Meanwhile, Energy prices have settled higher on a day of uneven trading after the government said the US economic recovery slowed during the second quarter.
Benchmark crude for September delivery added 59 cents to settle at $78.95 a barrel Friday on the New York Mercantile Exchange.
In other Nymex trading, heating oil for August delivery added 0.55 cent to settle at $2.0427 a gallon. Much of the trading has moved to the September contract, where the price rose 1.85 cents to $2.0881 a gallon.
The August contract for gasoline gained 0.92 cent to $2.1066 a gallon. The September contract rose 2.14 cents to $2.1224 a gallon.
Natural gas for September delivery added 9.6 cents to $4.923 per 1,000 cubic feet.
Brent crude settled up 59 cents at $78.18 a barrel on the ICE futures exchange.
