Wall St opens flat after selloff

NEW YORK Thu Nov 8, 2012 8:05pm IST

A sign for Wall Street is seen with a giant American flag in the background across from the New York Stock Exchange November 5, 2012. REUTERS/Chip East

A sign for Wall Street is seen with a giant American flag in the background across from the New York Stock Exchange November 5, 2012.

Credit: Reuters/Chip East

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NEW YORK (Reuters) - U.S. stocks opened flat on Thursday as investors continued to worry about the looming fiscal cliff debate even as data showed new claims for unemployment benefits unexpectedly fell last week.

The Dow Jones industrial average was up 1.00 point, or 0.01 percent, at 12,933.73. The Standard & Poor's 500 Index was up 1.23 points, or 0.09 percent, at 1,395.76. The Nasdaq Composite Index was up 8.46 points, or 0.29 percent, at 2,945.75.

Equities dropped more than 2 percent in Wednesday's session, the biggest daily decline for the S&P 500 since June.

(Reporting by Ryan Vlastelica; Editing by James Dalgleish)

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