Wall Street little changed after Jan payrolls (Reuters)
NEW YORK (Reuters) – Stocks traded insipid on weekday as investors attempted to reconcile inconsistent messages on the U.S. frugalness from the Jan jobs report.
Nonfarm payrolls terminal month grew by meet 36,000, the Labor Department said, farther less than the 145,000 increase that economists had expected, but the unemployed evaluate lapse to 9.0 proportionality from 9.4 percent.
"The sort is disappointing, but when we intend unsatisfactory drawing it permits investors to wager an current continuation of accommodative monetary policy." said Eric Teal, chief assets officer at First Citizens Bancshares Inc in Raleigh, North Carolina.
"There is a grayness lining to whatever of the perverse economic numbers."
Both the Dow and S&P 500 indexes rest nearby highs reached terminal Tuesday, levels not seen since June 2008.
The Dow designer industrial cipher (.DJI) drop 4.47 points, or 0.04 percent, at 12,057.79. The Standard & Poor's 500 Index (.SPX) unfit 0.39 points, or 0.03 percent, at 1,306.71. The Nasdaq Composite Index (.IXIC) added 1.58 points, or 0.06 percent, at 2,755.46.
Protests in empire continuing to loom in the scenery as tens of thousands of Egyptians prayed in Cairo's Liberation Square for an unmediated end to President Hosni Mubarak's 30-year rule.
Health insurer Aetna Inc (AET.N) prognosticate 2011 profit well above of Wall Street's direct on weekday and increased its dividend. Its shares surged 12.3 proportionality to $37.37.
Tyson Foods Inc (TSN.N) modern 5.4 proportionality to $18.51 after the consort said quarterly earnings surged 86 proportionality as it oversubscribed beef and pork at such higher prices.
(Additional news by Ryan Vlastelica; Editing by Padraic Cassidy)
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