Wall Street flat as data offsets 'cliff' hope

NEW YORK Fri Nov 16, 2012 8:13pm IST

Traders work on the floor of the New York Stock Exchange, November 15, 2012. REUTERS/Brendan McDermid

Traders work on the floor of the New York Stock Exchange, November 15, 2012.

Credit: Reuters/Brendan McDermid

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NEW YORK (Reuters) - 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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