Stocks Flat On New Jobs And Consumer Data
NEW YORK (AP) â¿¿ Stocks are flat after the government released new data on consumer spending and unemployment and some earnings reports disappointed investors.
The Dow Jones industrial average is down 3 points to 13,907. The Standard & Poor's 500 fell a fraction to 1,501. The Nasdaq is up 4 points to 3,146.
The number of Americans seeking unemployment benefits last week jumped 38,000 to a seasonally adjusted 368,000, the Labor Department said Thursday.
United Parcel Service Inc. says it was slowed down in the fourth quarter by weak global trade and a disappointing holiday-shopping season.
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