US stocks move little in early trading
The Associated Press
Mar. 17, 2016
NEW YORK (AP) — U.S. stocks moved little in early trading as investors weighed a report on unemployment benefits and corporate news.
Oil prices posted another strong gain Thursday, lifting energy stocks.
The Labor Department reported that applications for unemployment benefits rose slightly last week, but they remain at levels consistent with a healthy job market.
FedEx was up 8 percent after the package delivery company reported strong holiday-season sales. Williams-Sonoma fell 7 percent after the cookware retailer issued a downbeat forecast.
The Dow Jones industrial average rose 16 points, or 0.1 percent, to 17,341 as of 9:35 a.m. Eastern time.
The Standard & Poor's 500 index rose 1 point to 2,028. The Nasdaq composite fell 2 points to 4,761.
Bond prices were flat. The yield on the 10-year Treasury note remained at 1.91 percent.