Wall Street opens flat after labor data

by Blogburger on April 19, 2012

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks opened flat on Thursday as a weak reading on the labor market and rumors of a French sovereign debt downgrade offset better-than-expected results from Bank of America and Morgan Stanley. Bank of America Corp climbed 2.6 percent to $ 9.15 after its results while Morgan Stanley was up 4.5 percent to $ 18.47. New claims for weekly jobless benefits came in above forecasts, dampening hopes of a pick-up in job creation in April. The Dow Jones industrial average was up 3.70 points, or 0.03 percent, at 13,036.45. The Standard & Poor’s 500 Index was up 0.12 points, or 0. …



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