Midday Report: Square Opens For Trading; Stocks Flat After Rally

Stocks struggled for direction in midday trading Thursday after a massive market rally a day earlier. Trading from now until mid-December will likely be unpredictable as investors assess any and all news for what it might mean for the Federal Reserve's rate hike plans. Mobile payments processing company Square (SQ) opened for trading at $11.20 a share, well above its pricing of $9. Traders had been wary ahead of the IPO after the company priced below its initial range. Keurig Green Mountain (GMCR) rocketed higher after raising its quarterly dividend and issuing solid guidance. JM Smucker (SJM) jumped after squarely beating its earnings and sales estimates. The food company reported a 40% jump in sales driven by its acquisition of Big Heart Pet Brands earlier in the year.