U.S. Stocks Little Changed Before ECB, Employment Report

U.S. stocks were little changed, following all-time highs for benchmark indexes yesterday, as investors awaited a European Central Bank decision on stimulus measures and a report on American employment in May.

Krispy Kreme Doughnuts Inc. dropped 15 percent after cutting its earnings forecast because of mounting costs and slow first-quarter sales. Quiksilver Inc. slumped 41 percent after the surfwear retailer posted a wider loss than analysts had predicted. Hillshire Brands Co. jumped 9.5 percent after confirming that Pilgrim’s Pride Corp. has increased its bid for the food producer.