Last updated July 30, 2010: 4:30 PM ET --- The major U.S. equity indices closed mixed Friday, after rebounding from earlier losses following recent government data that indicated economic growth slowed in the second quarter. Disappointing quarterly results from Chevron (NYSE:CVX) and Merck (NYSE:MRK) also weighed on investors' sentiment. Meanwhile, American Electric Power's quarterly profit tanked 56% and due to a one-time expense related to its Mountaineer Plant. In economic news, a survey from Reuters and the University of Michigan indicated consumer sentiment fell in late July to 67.8 from 76 in June, but still besting economists' estimates. In addition, the government's estimate of US gross domestic product, or the value of all goods and services produced, having risen 2.4% during the second quarter, down from 3.7% previously estimated. In other corporate news, Disney (NYSE:DIS) shares traded lower after the company announced the sale of Miramax Films for $660 million. The Dow Jones Industrial Average (DJI) closed 0.01% lower at 10,465.94, the S&P500 (INX) closed 0.0.1% higher at 1,101.60, and the Nasdaq Composite (IXIC) closed 0.13% higher at 2,254.70.