US stocks open mixed in subdued trade

Written By Unknown on Senin, 06 Mei 2013 | 21.29

US stocks have opened mixed in quiet trading compared with Friday's record-busting drama.

Five minutes into trade, the Dow Jones Industrial Average dipped 4.76 (0.03 per cent) to 14,969.20.

The S&P 500 added 1.84 (0.11 per cent) at 1,616.26, while the tech-rich Nasdaq Composite Index rose 8.47 (0.25 per cent) to 3,387.10.

The slow start to trade followed the powerful rally Friday that vaulted the Dow and the S&P to new record-high closes after a surprisingly favourable US jobs report.

"There isn't any news this morning that is creating newfound excitement," said Briefing.com analyst Patrick O'Hare. "In turn, there aren't any economic releases changing the low-growth message for developed economies."


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