July 2, 2012 / 1:43 PM / 5 years ago

Wall Street opens flat after rally

NEW YORK (Reuters) - U.S. stocks were little changed at the open on Monday weak economic data from Europe and China kept a lid on shares after the S&P 500 posted its best daily gain since December.

People walk past the New York Stock Exchange in New York July 13, 2007. REUTERS/Brendan McDermid/Files

The Dow Jones industrial average dropped 17.71 points, or 0.14 percent, to 12,862.38. The Standard & Poor’s 500 Index shed 0.72 points, or 0.05 percent, to 1,361.44. The Nasdaq Composite Index dipped 2.54 points, or 0.09 percent, to 2,932.51.

Reporting by Chuck Mikolajczak, editing by Dave Zimmerman

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