S&P Market News Update

A rally in the U.S. stock market, sparked by robust consumer spending data on Thursday, fizzled out by the end of the session as indexes pulled back from session highs, prompted by a renewed slide in oil prices.

The S&P 500 index SPX, +0.45%  closed 8 points, or 0.4%, higher at 2,034. Energy sector stocks went from being up 2% to finish flat at the end. The Nasdaq Composite COMP, +0.52% finished the day up 24.14 points, or 0.5%, at 4,708.16.