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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

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.

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

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