NEW YORK U.S. stocks opened flat on Friday after disappointing economic data offset optimism following a Wall Street Journal report that White House officials were discussing taking a more flexible approach in negotiations over the "fiscal cliff."
The Dow Jones industrial average gained 0.23 point to 12,542.61. The Standard & Poor's 500 Index added 0.24 point, or 0.02 percent, to 1,353.57. The Nasdaq Composite Index dropped 2.33 points, or 0.08 percent, to 2,834.60.
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article