SmarTrend Market Close Wrap-Up — October 28, 2011
Themajor US equity indices closed mixed Friday following two days of rallying as investors turned a cautious eye to events in Europe. The Commerce Department reported consumers’ spending rose 0.6% in September, after a 0.2% rise in August. Incomes rose 0.1% during the month, after falling 0.1% the prior month. In corporate news, Merck (NYSE:MRK) reported Q3 earnings, posting EPS of $0.94, beating analyst estimates for $0.91.