Wall Street opens flat ahead of Yellen testimony

The Nasdaq Composite Index was down 15.52 points, or 0.38%, at 4,052.16

Reuters New York
Last Updated : May 08 2014 | 7:42 PM IST

US 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 was up 3.31 points, or 0.02%, at 16,521.85. The Standard & Poor's 500 Index was down 1.75 points, or 0.09%, at 1,876.46. The Nasdaq Composite Index was down 15.52 points, or 0.38%, at 4,052.16.

The Nasdaq was pressured again by weakness in Internet stocks. Priceline fell 3.2 percent to $1,095 while TripAdvisor Inc was off 2.1 % to $82.19.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 08 2014 | 7:09 PM IST

Next Story