Business

US STOCKS-Market flat as bargain hunting offsets economic woe

CEOinIRVINE 2008. 11. 18. 04:00

MARKETS-STOCKS (UPDATE 4):US STOCKS-Market flat as bargain hunting offsets economic woe

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* News of Japan's recession adds to global slump fears

* Citigroup (nyse: C - news - people ) to cut more than 50,000 jobs, stock falls

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* Dow up 0.04 pct, S&P up 0.12 pct, Nasdaq off 0.14 pct

Related Quotes

C $9.22 -0.30
GM $3.18 +0.17
AA $9.99 -0.85
UBS $11.80 +0.30
MSFT $19.92 -0.14
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(Updates to midday, changes byline)

By Kristina Cooke

NEW YORK (Reuters) - U.S. stocks were little changed in light volume Monday as bargain-hunting offset worries about the global economic and profit outlook after Japan became the latest major economy to slide into recession.