Lackluster end to a good week

NEW YORK – A strong consumer spending and earnings report wasn’t enough to fend off the pre-holiday doldrums on Wall Street on Friday as stocks finished an uninspired session mixed; however, the major indexes managed a week of solid gains for the first time in more than a month.

Profit-taking following the previous session’s rally kept prices lower as investors took a rare chance to lock in gains. Volume was low in advance of the Memorial Day holiday as well. In addition, some investors were looking forward to next Friday’s key employment figures to further bolster their bullishness.

The Dow Jones industrial average fell 16.75, or 0.2 percent, to 10,188.45. The index posted a gain of 95.31 on Thursday.

Broader stock indicators were mixed. The Standard & Poor’s 500 index slipped 0.60, or nearly flat, to 1,120.68, and the Nasdaq composite index was up 2.24, or 0.1 percent, at 1,986.74.

For the week, the Dow gained 221.71, or 2.2 percent, the S&P rose 27.12, or 2.5 percent, and the Nasdaq was up 74.65, or 3.9 percent.