U.S. stocks were little changed, after equities rose for the first time in four sessions, amid corporate earnings while investors await jobs data for signals on when the Federal Reserve will raise interest rates.
The Standard & Poor’s 500 Index gained 0.1 percent to 2,102.87 at 9:32 a.m. in New York, after adding 0.3 percent on Wednesday.
Nvidia Corp. is among 14 companies reporting earnings today. About 85 percent of S&P 500 members have already released figures, with three-quarters beating profit estimates and half topping sales projections. Analysts now call for a 2.8 percent drop in second-quarter earnings, shallower than July 10 estimates for a 6.4 percent fall.
U.S. stocks declined, sending benchmark indexes lower for a second day, as data showed Chinese manufacturing slowed last month and fewer shoppers showed up for Black Friday sales events.
The Standard & Poorâ€™s 500 Index fell 0.3 percent to 2,060.96 at 9:32 a.m. in New York.
The S&P 500 climbed 2.5 percent in November, rising for a second month, as global central banks added stimulus, and data showed the U.S. economic recovery remained intact. The S&P 500 closed at an all-time high on Nov. 26.
A measure of energy-related stocks in the S&P 500 slid 9.5 percent last week, the most since September 2011, as oil slumped after the Organization of Petroleum Exporting Countries decided to keep its output limit unchanged. Oil has collapsed into a bear market as the U.S. pumps crude at the fastest rate in three decades while global demand growth slows.
Oil prices reversed earlier declines today, with West Texas Intermediate rebounding 0.9 percent after plunging 3.7 percent.
Source : Bloomberg