Stocks Barely Changed Early On
NEW YORK (AP) _ The Dow Jones industrial average is up five points in today’s early going. Advancers and decliners are evenly split on the New York Stock Exchange.
The Nasdaq Composite Index is ahead ten points and the Standard & Poor’s 500 Stock Index is down fractionally.
Wall Street will be able to start today’s trading session without the same kind of revenue scare that gripped it yesterday.
Shares of fiber-optic companies led the technology sector sharply lower yesterday after Nortel Networks posted disappointing numbers.
Among the dozens of companies reporting quarterly results today, DaimlerChrysler fell just short of the latest estimates, after warning about weakness in its Chrysler unit.
And, a government report showed a modest increase in wages and benefits in the third quarter.