US STOCKS SNAPSHOT - Shares flat as data offsets 'cliff' hope

NEW YORK Fri Nov 16, 2012 2:40pm GMT

NEW YORK Nov 16 (Reuters) - U.S. stocks opened flat on Friday after disappointing economic data offset optimism following a Wall Street Journal report that White House officials were discussing taking a more flexible approach in negotiations over the "fiscal cliff."

The Dow Jones industrial average gained 0.23 point to 12,542.61. The Standard & Poor's 500 Index added 0.24 point, or 0.02 percent, to 1,353.57. The Nasdaq Composite Index dropped 2.33 points, or 0.08 percent, to 2,834.60.

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.