US STOCKS-Wall St flat as turbulent quarter winds down

jueves 31 de marzo de 2016 10:05 GYT
 

* Jobless claims rose unexpectedly last week

* S&P 500 up 1 pct for year

* Dow up 0.11 pct, S&P flat, Nasdaq down 0.01 pct (Updates to open)

By Abhiram Nandakumar

March 31 (Reuters) - Wall Street made a quiet start to the last day of a turbulent quarter in which financial markets were roiled by concerns about the global economy and a steep slide in oil prices.

Investors held off on making big bets ahead of the critical U.S. non-farm payrolls report due on Friday. Crude oil rose slightly, hovering near $40 a barrel.

Data on Thursday showed U.S. jobless claims rose unexpectedly to 276,000 last week, falling short of the 265,000 estimated. Claims still remain well below the 300,000 mark denoting a healthy labor market.

Friday's report will give investors a clearer reading on the state of the economy.

"Today, we're just in a do-nothing mode and we will wait and see what happens Friday," said Matthew Tuttle, chief executive, Tuttle Tactical Management in Greenwich, Connecticut.   Continuación...