RTRS: Stocks set for higher open on Bank of America plan
NEW YORK (Reuters) - U.S. stocks pared gains in early trading on Thursday, with the Dow industrials turning negative, after data showed the services sector unexpectedly contracted in November after two months of expansion.
The Dow Jones industrial average .DJI dipped 4.61 points, or 0.04 percent, to 10,448.07. The Standard & Poor's 500 Index .SPX added 0.86 points, or 0.08 percent, to 1,110.10. The Nasdaq Composite Index .IXIC put on 8.53 points, or 0.39 percent, to 2,193.56.
Stocks had opened higher after Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz) said it would repay $45 billion in taxpayer bailout funds and data showed initial claims for jobless benefits fell last week.
