November 8, 2012 / 2:37 PM / 5 years ago

Wall St opens flat after selloff

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.

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

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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