US stocks flat as busy week starts

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WallStreet1234 REUTERS The US bourse is set to open higher as European leaders get ready to meet.

New York - US stocks Monday opened a busy week of economic data and corporate earnings little changed following a lacklustre report on Chinese manufacturing activity.

Five minutes into trade, the Dow Jones Industrial Average dipped 6.36 (0.04 percent) to 15,692.49.

The broad-based S&P 500 rose 0.26 (0.01 percent) to 1,782.85, while the tech-rich Nasdaq Composite Index added 2.85 (0.07

percent) to 4,106.72.

Investors are gearing up for a busy week of economic reports, culminating with Friday's monthly US labour market report.

Some 90 companies in the S&P 500 also report earnings this week, including General Motors, Merck and Disney.

Global markets were dampened by China's purchasing managers' index for manufacturing, which fell to 50.5 in January from 51 in December and 51.4 in November.

US investors are hoping for a pickup in February after the S&P 500 lost 3.3 percent in January. - Sapa-AFP

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