US stocks flat in early trade

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Dow Jones Industrial Average

Last Updated at 26 Nov 2014, 12:41 ET *Chart shows local time Dow Jones intraday chart
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(Open): US shares opened little-changed as investors digested the latest economic data, but trading was expected to be light ahead of Thanksgiving.

The Dow Jones opened down 15.99 points at 17,798.95 while the S&P 500 was up 0.56 at 2,067.59.

The tech-heavy Nasdaq index rose 5.41 points to 4,763.66.

Initial claims for jobless benefits rose to 313,000 last week, figures showed, the first time it has been above the 300,000 mark since September.

Figures from the Commerce Department showed orders for non-defence capital goods excluding aircraft, fell 1.3% in October - the second month in a row the measure has fallen.

Separate figures from the Commerce Department showed that consumer spending - a key factor behind US economic growth - rose 0.2% in October.

Among individual stocks, shares in farm equipment maker Deere fell 3.2% after it predicted that sales would fall in the current quarter.

The US stock market will be shut on Thursday for the Thanksgiving holiday, and will close early on Friday.

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