Markets open flat as data offsets Apple

By IBTimes Staff Reporter | May 28 2010 9:56 AM

Stocks opened little changed on Friday as upbeat news from Apple Inc , a technology and retail bellwether, was offset by unexpectedly flat April consumer spending data.

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The Dow Jones industrial average <.DJI> was down 11.19 points, or 0.11 percent, at 10,247.80. The Standard & Poor's 500 Index <.SPX> was down 0.47 points, or 0.04 percent, at 1,102.59. The Nasdaq Composite Index <.IXIC> was down 2.86 points, or 0.13 percent, at 2,274.82.

Apple shares rose 2 percent to $258.23 at the open.

(Reporting by Ryan Vlastelica)

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