US STOCKS-Wall St rebounds after jobless claims, Fed comment

jueves 16 de octubre de 2014 11:51 GYT

* Netflix tumbles after quarterly results

* UnitedHealth leads Dow, S&P higher

* Initial jobless claims fall to lowest in 14 years

* Indexes: Dow off 0.07 pct, S&P up 0.09 pct, Nasdaq off 0.06 pct (Updates to late morning)

By Chuck Mikolajczak

NEW YORK, Oct 16 (Reuters) - Stocks on Wall Street rebounded from earlier lows on Thursday to trade little changed as a flurry of economic reports helped ease fears a weakening global economy would begin to affect the United States.

Data on Thursday painted a more optimistic picture of the U.S. economy, as initial jobless claims fell to their lowest level in 14 years, after a disappointing retail sales report in the prior session added to investor jitters.

Adding to the positive tone, St. Louis Federal Reserve Bank President James Bullard told Bloomberg television the U.S. central bank may want to keep up its bond buying stimulus for now given a drop in inflation expectations.

"It's not just what the Fed speakers are saying, it is who is saying it. Looking at folks who had been previously been portrayed or perceived as being perhaps a little bit more hawkish, now having a much more conciliatory tone is giving a little bit of ease to investor concerns," said Eric Wiegand, senior portfolio manager at the Private Client Reserve of U.S. Bank in New York.   Continuación...