(Reuters) - U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.
Third-quarter gross domestic product came in much stronger than expected but separate data showing consumer confidence sliding to a five-month low and a further moderation in house price gains put a lid on the market's advance.
The moves did not show much conviction in either direction and volume was low, with about 6.1 billion shares traded, below this month's daily average of 6.36 billion. U.S. markets will be closed on Thursday, while Friday will be a half-day session.
"We did get that great GDP number … noting earth-shattering but confirmation the U.S. economy is really doing well and firing on all metrics," said Jeff Kravetz, regional investment director at U.S. Bank Wealth Management in Phoenix.
Third-quarter gross domestic product came in much stronger than expected but separate data showing consumer confidence sliding to a five-month low and a further moderation in house price gains put a lid on the market's advance.
The moves did not show much conviction in either direction and volume was low, with about 6.1 billion shares traded, below this month's daily average of 6.36 billion. U.S. markets will be closed on Thursday, while Friday will be a half-day session.
"We did get that great GDP number … noting earth-shattering but confirmation the U.S. economy is really doing well and firing on all metrics," said Jeff Kravetz, regional investment director at U.S. Bank Wealth Management in Phoenix.