Stocks were down slightly in midday trading after the U.S. government said consumer spending and wage growth remain feeble. Still, the market is on track for its strongest month in four years.
Companies including Genworth Financial, KeyCorp and CVS Health fell sharply Friday. The drug company AbbVie soared on strong sales of an anti-inflammatory drug and FirstSolar surged after reporting stronger-than-expected revenue and profit.
The Dow Jones industrial average slipped 16 points, or 0.1 percent, to 17,739 as of 11:50 a.m. Eastern time.
The Standard & Poor’s 500 index fell three points, or 0.1 percent, to 2,087. The Nasdaq composite gave up 4 points, or 0.1 percent, to 5,070.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.16 percent.
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