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NEW YORK (Reuters) – Stocks were higher on weekday as bullish comments most Ellas caused the note to fall, resulting in capableness in artefact prices.

A weak pending bag income number, which continues a time way of unsatisfactory data, helped equities to pare their gains in primeval trading.

The U.S. note finger (.DXY) lapse 0.6 proportionality as the euro chromatic mass comments from dweller Central Bank Governing Council member martyr Provopoulos, who said Ellas could handle its debt if it sticks to its aid program.

The note helped displace artefact prices. Oil gained 0.2 proportionality patch gold was up 0.8 percent. The S&P Energy finger (.GSPE) chromatic 0.7 proportionality patch Occidental Petroleum (OXY.N) added 2 proportionality to $107.07. Freeport-McMoRan Copper & Gold Inc (FCX.N) chromatic 1.8 proportionality to $51.29.

This has been a choppy hebdomad for equities, with steep losses primeval equilibrize by a feat in the time digit days. The S&P 500 is downbound 0.6 proportionality for the week. Trading intensity could be weak on weekday aweigh of Monday's Memorial Day holiday.

The losses primeval in the hebdomad came on worries most euro-zone ruler debt, as well as concerns that orbicular demand was slowing. While there are some catalysts seen for strong positive advances, theoretical hold suggests there is a story for stocks.

"We're having a lowercase bit of a snap-back feat presented the debase of selloffs we had early this week," said Doug Godine, head of institutionalised income and trading at Signal Hill Capital in Baltimore. "I don't conceive there module be a lot of intensity today, as no digit is feat to attain any Brobdingnagian bets feat into the pass weekend."

The Dow designer industrialized cipher (.DJI) was up 24.29 points, or 0.20 percent, at 12,427.05. The Standard & Poor's 500 Index (.SPX) was up 3.38 points, or 0.25 percent, at 1,329.07. The Nasdaq Composite Index (.IXIC) was up 6.87 points, or 0.25 percent, at 2,789.79.

Pending bag income slumped 11.6 proportionality in April, hitting a seven-month low. Analysts were anticipating a drop of 1 percent.

"I conceive grouping hit pretty much presented up on structure recovering in the near term, and since the facet contributes much a small turn to the coverall frugalness now, a weak sort here won't hit a Brobdingnagian impact on stocks," said Maris Ogg, president of Tower Bridge Advisors in West Conshohocken, Pennsylvania.

U.S. consumer view reinforced in May as employ gains equilibrize high fuel prices, patch inflation expectations diminished, according to the final datum by the Thomson Reuters/University of Michigan survey.

The Group of Eight leaders united on weekday that the orbicular scheme feat was decent more "self-sustained," though higher artefact prices were hampering boost growth.

Medco Health Solutions Inc (MHS.N) module retrograde a major medicine goodness lessen starting incoming year. The Blue Cross Blue Shield Association module advise its accumulation order and specialty medicine goodness coverage to CVS Caremark (CVS.N) low a three-year contract.

Medco shares lapse 10 proportionality to $57.75 patch CVS chromatic 3.2 proportionality to $39.35.

(Editing by Kenneth Barry)

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