US: Stocks open higher after three down sessions
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[NEW YORK] Wall Street stocks sought to shake off a bout of recent weakness, rising early Thursday after three down sessions pressured by inflation concerns.
New filings for unemployment aid declined for the third straight week in the United States, government data said, an indication of further progress in the labour market.
Federal Reserve minutes released on Wednesday showed some officials believe the US economy may soon be healthy enough to taper asset purchases, one of the first signs of a shift in the central bank's easy money policies.
The minutes come as inflation worries have sparked talk of a sudden potential shift in Fed policy.
About 25 minutes into trading, the Dow Jones Industrial Average was up 0.2 per cent at 33,969.60.
The broad-based S&P 500 fell 0.6 per cent to 4,138.41, while the tech-rich Nasdaq Composite Index advanced 1.0 per cent to 13,434.96.
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