U.S. stocks were little changed, following yesterday’s equity rally, as jobless claims rose in the latest week and a Chinese manufacturing gauge climbed to a five-month high.
The Standard & Poor’s 500 Index fell less than 1 point to 1,887.89 at 9:31 a.m. in New York
The S&P 500 climbed 0.8 percent yesterday, erasing the previous day’s declines, as Federal Reserve policy makers said continued stimulus doesn’t risk fueling a jump in the inflation rate. Central bank policy makers said last month the economy is showing signs of picking up and the job market is improving. The central bank pared its monthly asset buying to $45 billion in April, its fourth straight $10 billion cut, and said further reductions in measured steps are likely.
Source : Bloomberg