Stocks rose slightly after a volatile session Friday on better-than-expected quarterly results from Oracle and Research In Motion (RIM), but a disappointing report on U.S. consumer sentiment limited gains. In U.S. economic news, a report on consumer sentiment missed expectations, with the University of Michigan's index falling to its lowest level in more than a year. A second report showed that consumer prices rose 0.3 percent in August; excluding volatile energy and food costs, core inflation was unchanged. In Washington, President Barack Obama named Harvard University law professor Elizabeth Warren as a special advisor to help create the Consumer Financial Protection Bureau, created under the Wall Street financial reform legislation. Warren will advise the president and Treasury Secretary Timothy Geithner during the establishment process, but the announcement does not mean she will head the new bureau after it is operational. The U.S. dollar rose versus the euro and fell versus the yen. Light sweet crude oil for October delivery fell 94 cents to $73.63 a barrel on the New York Mercantile Exchange. Gold futures rose to a new record high of $1,277.60 an ounce. The Dow Jones industrial average rose 13.02, or 0.1 percent, to 10,607.85. The broader Standard & Poor's 500 index rose 0.93, or 0.1 percent, to 1,125.59. The technology-heavy Nasdaq composite index rose 12.36, or 0.5 percent, to 2,315.61. Oracle reported strong profit and sales growth in the first quarter, and shares of the software giant rose more than 8 percent. RIM also reported better-than-expected profit and revenue, and shares of the smart-telephone maker rose 2 percent.
