Economics
U.S. Stocks Close Little Changed as Investors Await Jobs
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U.S. stocks ended little changed, with the Dow Jones Industrial Average falling from a record, as data showed an increase in jobless claims before the government’s monthly labor report tomorrow.
Avon Products Inc. tumbled 10 percent to lead losses in the Standard & Poor’s 500 Index after earnings trailed analysts’ estimates by almost half. T-Mobile US Inc. rallied 8.1 percent after adding 1.3 million new monthly subscribers last quarter. Sprint Corp. surged 2.7 percent after meeting with banks to make debt arrangements for a bid for T-Mobile. Yelp Inc. gained 9.8 percent after raising its forecast for 2014 revenue.