Stocks were flat in early trading on Monday after a rally last week that saw the Nasdaq close at an 18-month high after encouraging jobs data.
American International Group Inc
The momentum is certainly in favor of the bulls right now, but upside seems somewhat limited, given how much we've come up recently, said Bruce Bittles, chief investment strategist at Robert W. Baird & Co in Nashville.
The Dow Jones industrial average <.DJI> was up 0.68 points, or 0.01 percent, at 10,567.10. The Standard & Poor's 500 Index <.SPX> rose 0.52 points, or 0.05 percent, at 1,139.22. The Nasdaq Composite Index <.IXIC> added 1.85 points, or 0.08 percent, at 2,328.18.
Applied Materials Inc
Late Friday, Hewlett-Packard Co
On Friday, the government said 36,000 U.S. jobs were lost in February, compared with forecasts for 50,000, resulting in a run-up that pushed the Dow and S&P to six-week closing highs.
(Editing by Jeffrey Benkoe)