US STOCKS-S&P ends flat ahead of jobs report; Internet names gain

jueves 1 de mayo de 2014 16:39 GYT
 

* Yelp shares rally on results, boosting Internet names

* Auto sales upbeat; U.S. payrolls due Friday

* Dow down 0.1 pct, S&P 500 down 0.01 pct, Nasdaq up 0.3 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, May 1 (Reuters) - The Dow and S&P 500 ended nearly flat on Thursday as investors paused ahead of Friday's jobs report, though gains in Internet shares helped lift the Nasdaq.

The Dow was back in negative territory for the year, a day after closing at its first record high of 2014.

The April jobs report, which is expected to show U.S. employment rose at its fastest clip in five months based on a Reuters survey of economists, could be further confirmation the economic momentum is back on track after a dismal winter.

On Thursday, the U.S. car sales posted gains for April, suggesting a rebound from the winter. Shares of General Motors were up 1.2 percent at $34.90.

Facebook, up 2.3 percent at $61.15, and other Internet shares were among the day's best performers, helped by strong results from Yelp, whose shares gained 9.8 percent to $64.02.   Continuación...