US STOCKS-Wall St opens 2015 flat as data weighs

viernes 2 de enero de 2015 17:26 GYT

* Wall Street comes off strong quarter, year

* Choppy oil trading affects energy shares

* General Motors announces new recalls, shares slip

* Indexes: Dow up 0.06 pct, S&P off 0.03 pct, Nasdaq off 0.2 pct (Updates to close)

By Chuck Mikolajczak

NEW YORK, Jan 2 (Reuters) - U.S. stocks closed little changed on Friday in the first trading session of 2015, finishing well off session highs as economic data short-circuited early gains.

In a sign of tepid economic conditions, construction spending unexpectedly fell 0.3 percent in November, while the pace of growth in the U.S. manufacturing sector slipped to a six-month low in December, according to the Institute for Supply Management.

"The data we got out today basically dampened early enthusiasm," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "It's just a little bit of softness but I don't think it changes the outlook for a stronger economy."

Markets had opened higher in a broad rally, but indexes later lost ground. Volume was light in the wake of the New Year's holiday, which often exacerbates market volatility.   Continuación...