Stocks open flat on mixed earnings

AP News
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Posted: Nov 05, 2015 9:42 AM
Stocks open flat on mixed earnings

NEW YORK (AP) — The U.S. stock market is nearly flat Thursday as investors weigh mixed corporate earnings and await the release of the government's monthly jobs report Friday.

Facebook shares rose 5 percent after it reported strong revenue and profit growth. Expedia shares rose 3 percent after it announced it would acquire the vacation rental company HomeAway.

Whole Foods shares fell 6 percent on disappointing quarterly results, and energy companies fell on lower oil prices.

The Dow Jones industrial average rose 22 points, or 0.1 percent, to 17,889 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index rose 1 point, or 0.1 percent, to 2,103. The Nasdaq composite rose 5 points, or 0.1 percent, to 5,147.

Bond prices held steady. The yield on the 10-year Treasury note remained at 2.23 percent.