US stocks are little changed on mixed corporate earnings; Flare-up in Ukraine weighs on market

The Associated Press
May 2, 2014 09:01 AM

Trader Neil Catania, center, works on the floor of the New York Stock Exchange, Friday, May 2, 2014. U.S. stock futures are up slightly after the U.S. unemployment rate hit its lowest level in more than five years. The government reported the unemployment rate sank to 6.3 percent. (AP Photo/Richard Drew)

NEW YORK, N.Y. - Stocks are little changed in midday trading as investors' enthusiasm about a surge in U.S. hiring last month was held back by mixed earnings news and a flare-up in tensions in Ukraine.

LinkedIn fell 6 per cent after reporting its largest quarterly loss since going public. Estee Lauder rose 3 per cent after its earnings beat analysts' estimates.

The Standard & Poor's 500 index rose two points, or 0.1 per cent, to 1,886 as of midday Eastern time Friday.

The Dow Jones industrial average was unchanged at 16,559. The Nasdaq composite rose eight points, 0.2 per cent, to 4,135.

The government reported that U.S. employers added 288,000 jobs in April, the most in two years and the strongest evidence to date that the economy is picking up after a brutal winter.

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