U.S.
stocks fluctuated as declines in technology companies offset gains in
consumer shares before Friday™s government report on hiring.
Qualcomm
Inc. and Google Inc. fell more than 1.3 percent. CarMax Inc. rallied to
an all-time high after a stronger-than-estimated fourth-quarter profit.
Lorillard Inc. and Reynolds American Inc. climbed as antitrust
officials weigh the cigarette companies™ merger.
The
Standard & Poor™s 500 Index added 0.1 percent to 2,062.40 at 12:16
p.m. in New York, paring an earlier gain of as much as 0.6 percent. The
Dow Jones Industrial Average climbed 9.51 points, or 0.1 percent, to
17,707.69, and the Nasdaq Composite Index was little changed.
The
S&P 500 has fluctuated in the holiday-shortened week around a
15-point range framed by the index™s 50-day and 100-day moving averages.
Data Thursday showed jobless claims fell more than forecast while
factory output topped estimates, continuing a trend of mixed economic
reports as the Federal Reserve considers raising interest rates.
Source: Bloomberg
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