U.S. stocks waver amid earnings, data
Xinhua, May 4, 2017 Adjust font size:
U.S. stocks traded in a narrow range on Thursday, as Wall Street mainly digested corporate earnings and jobs data.
At midday, the Dow Jones Industrial Average inched down 13.16 points, or 0.06 percent, to 20,944.74. The S&P 500 ticked up 1.50 points, or 0.06 percent, to 2,389.63. The Nasdaq Composite Index gained 4.73 points, or 0.08 percent, to 6,077.28.
On the economic front, in the week ending April 29, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 19,000 from the previous week's unrevised level of 257,000, the U.S. Labor Department said Thursday.
The four-week moving average was 243,000, an increase of 750 from the previous week's unrevised average of 242,250.
Meanwhile, traders will also keep a close eye on the April nonfarm payroll report, which is scheduled to be released on Friday.
In corporate news, shares of Facebook Inc. fell more than 1 percent in early trading Thursday, although the social media networking website delivered better-than-expected first-quarter results.
"We had a good start to 2017," said Mark Zuckerberg, Facebook founder and CEO. "We're continuing to build tools to support a strong global community." Enditem