US STOCKS-Wall St mixed as investors wary after wild week

viernes 28 de agosto de 2015 11:33 GYT
 

* July consumer spending picks up slightly

* Major U.S. indexes set to end the week higher

* Freeport-McMoRan rises after Icahn discloses stake

* Indexes: Dow down 0.03 pct, S&P up 0.18 pct, Nasdaq up 0.39 pct (Adds details, changes comment, updates prices)

By Tanya Agrawal

Aug 28 (Reuters) - U.S. stocks were mixed on Friday as investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis.

Even so, the three major U.S. indexes looked set to end the week higher after a brutal selloff early in the week sparked by worries about the health of the Chinese economy.

"Today's selloff is normal after the two enormous upward days that we had," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas.

"A lot of investors are rebalancing their portfolios before going into the weekend and the dips that we saw earlier in the week were good buy opportunities."   Continuación...