NEW YORK — U.S. stock indexes are stalling following some discouraging data on the economy. The S&P 500 fell 0.3% in early trading Thursday and was on track for its third loss in the last four days. The Dow Jones Industrial Average was little changed, and the Nasdaq composite fell 0.4% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than forecast.
Uber clawed back some of its losses from a day earlier, climbing 3.4% after a company executive gave an optimistic outlook at a conference and highlighted the ride-share company's push into autonomous vehicles. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year, with the latest coming last week.Global markets were mixed ahead of a decision by the European Central Bank on interest rates that was expected to yield at least a quarter percentage point cut to the current 3.25% benchmark.
Chinese shares rose as leaders met in Beijing to set economic plans and targets for the coming year. The government announced plans to expand trial private pension programs to the entire country, beginning Dec. 15.
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