US stocks eke out small gains; Dow flat
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NEW YORK, Nov 9 AFP
November 10 2012, 08:12AM
US stocks closed slightly higher on Friday after upbeat consumer confidence data took the edge off fears about the nation's looming fiscal cliff and the eurozone's simmering debt crisis.
After opening mostly lower, the stock indices crossed into positive territory after a November survey showed consumer confidence rose more than expected and hit the highest level since July 2007.
"That's good news for consumer spending and economic growth," said Jennifer Lee at BMO Capital Markets.
At the closing bell, the Dow Jones Industrial Average was up a bare 0.62 points (0.00 per cent) at 12,811.94.
The S&P 500-stock index gained 2.19 (0.16 per cent) at 1,379.70, while the tech-rich Nasdaq Composite rose 9.29 (0.32 per cent) to 2,904.87.