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Wall Street rises after data eases economic jitters

July 25 06:05:01 AM, Yahoo News

Reuters - Stocks rose on Friday as a slew of economic reports showing stronger-than-expected consumer sentiment and new home sales calmed nerves about growth and the corporate profit outlook.

The S&P comment added to selling pressure on financial stocks. Fannie Mae shares declined 5.4 percent to $11.38 and shares of Freddie Mac were down 6 percent at $8.27.

The Dow Jones Industrial Average (.DJI) was down 12.13 points, or 0.11 percent, at 11,337.15. The Standard & Poor's 500 Index (.SPX) was up 0.68 point, or 0.05 percent, at 1,253.22. The Nasdaq Composite Index (.IXIC) was up 17.40 points, or 0.76 percent, at 2,297.51.

(Reporting by Steven Johnson; Editing by Kenneth Barry)

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