US STOCKS-Wall St inches higher after jobless data, Fed comment

jueves 16 de octubre de 2014 13:34 GYT

* Netflix tumbles after quarterly results

* UnitedHealth leads Dow, S&P higher

* Initial jobless claims fall to lowest in 14 years

* Indexes: Dow up 0.01 pct, S&P up 0.3 pct, Nasdaq off 0.3 pct (Updates to early afternoon, changes byline)

By Caroline Valetkevitch

NEW YORK, Oct 16 (Reuters) - U.S. stocks edged higher in afternoon trading Thursday, rebounding from earlier declines, as a flurry of economic reports eased fears about the potential impact of a weakening global economy on the United States.

If it closes higher, the Dow would break a five-day string of losses.

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.   Continuación...