Wall Street opens flat following rally

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IOL wall street

US stocks opened little changed on Thursday as investors took profit following a massive rally in the previous session.

The gains on Wednesday were spurred by a deal by US lawmakers to avert a “fiscal cliff” of austerity measures that had been due to kick in this year.

The Dow Jones industrial average was down 10.83 points, or 0.08 percent, at 13,401.72. The Standard & Poor's 500 Index was down 1.51 points, or 0.10 percent, at 1,460.91. The Nasdaq Composite Index was down 4.95 points, or 0.16 percent, at 3,107.31. - Reuters


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