US stocks douse early losses on consumer sentiment

Wall Street reversed its sharp fall on Friday, trimming losses after consumer sentiment in the US partly offset a worse-than-expected an annualized 2.4% US GDP in the second quarter. Question marks to intensify the downside pattern arose, as investors were conflicted with the string of mixed indicators.

However, given the large relevancy on the economic growth picture in the US, the reported downbeat rise continues to limit any efforts to keep benchmark indexes afloat. The Dow Jones Industrial Average was down 0.43%, yet far from its daily low, the Nasdaq Compsitr declined 0.58% and the S&P 500 fell 0.45%.