Thursday

Wall Street opens flat ahead of Yellen testimony


NEW YORK - U.S. stocks opened flat on Thursday after initial jobless claims data pointed to a possible strengthening in the labor market and ahead of testimony by Federal Reserve Chair Janet Yellen.

The Dow Jones industrial average .DJI was up 3.31 points, or 0.02 percent, at 16,521.85. The Standard & Poor's 500 Index .SPX was down 1.75 points, or 0.09 percent, at 1,876.46. The Nasdaq Composite Index .IXIC was down 15.52 points, or 0.38 percent, at 4,052.16.

The Nasdaq was pressured again by weakness in Internet stocks. Priceline (PCLN.O) fell 3.2 percent to $1,095 while TripAdvisor Inc (TRIP.O) was off 2.1 percent to $82.19.  — Reuters

source: gmanetwork.com