NEW YORK

The blue-chip Dow Jones industrial average finished slightly higher, though stocks had dipped earlier on disappointing consumer confidence and home prices reports.

The Dow edged up after Treasury prices fell in the wake of a weak bond auction in the afternoon. Fewer than expected buyers emerged for the government's auction of 35 billion five-year bonds. The yield on the 10-year Treasury note rose to 3.49 percent from 3.34 percent late Monday.

The Dow closed the day higher by 20.51 points, or 0.2 percent, to 11,575.54. The Standard and Poor's 500 index was up 0.97, or less than 0.1 percent, to 1,258.51. The technology-focused Nasdaq composite index lost 4.39, or 0.2 percent, to 2,662.88.

Earlier in the day, the Conference Board announced that consumer confidence in the economy slid to a level of 52.5 in December, down from 54.3 in November, as Americans continued to fret about the high rate of unemployment. The market was expecting a slightly higher reading because of signs of improved consumer spending in the Christmas holiday season this year.

"The spending patterns this Christmas looks better, but unemployment continues to be a big question," said Kim Caughey Forrest, senior equity research analyst at Fort Pitt Capital Group.

Another factor weighing on the minds of traders is fear that the housing market will continue to fall. Standard & Poor's/Case-Shiller said yesterday that home prices fell 1.3 percent in October from a month earlier.

American Express Co. had the largest fall, losing 0.6 percent to 42.79.

In corporate news, General Motors Co. gained 2.1 percent to close at 35.32 after a handful of analysts from investment banks that underwrote the automaker's IPO initiated coverage with favorable ratings.