US STOCKS SNAPSHOT-Wall St opens flat after Wells Fargo results

NEW YORK Fri Jan 11, 2013 2:33pm GMT

NEW YORK Jan 11 (Reuters) - U.S. stocks opened flat on Friday, a day after the benchmark S&P 500 index closed at a five-year high, as record earnings from Wells Fargo failed to inspire further buying.

The Dow Jones industrial average dropped 14.16 points, or 0.11 percent, to 13,457.06. The Standard & Poor's 500 Index shed 0.51 points, or 0.03 percent, to 1,471.61. The Nasdaq Composite Index dipped 1.05 points, or 0.03 percent, to 3,120.71.


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.