Despite mixed finish, July ends as indexes’ best month in year
Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
Investors had an ambivalent response Friday to the government’s gross domestic product report. The Dow Jones industrial average fell almost 120 points in early trading, then ratcheted up and down until the close. The Dow ended down just a point, and the other big indexes had similarly small moves.
The day was much like the rest of July, which saw investors alternately buying on strong earnings reports and selling on weak economic numbers. The Dow rose 7.1 percent for the month, its best showing since it gained 7.8 percent in July 2009.