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U.S. markets slow between holidays

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New York -- U.S. markets pulled higher Thursday morning in a pattern that resembles the previous three sessions -- a market with a slight hangover.

The three major U.S. stock indexes seemed to prefer to sleep in through the week. On Monday, the Dow Jones industrial average added a comparatively robust 26.98 points. On Tuesday, it dropped 1.67 points. The following session, it added 3.10 points.

Early movement Thursday showed the same lethargy. The DJIA aimed higher at the opening bell, then dropped back despite a Labor Department report that said first-time jobless claims dropped by 22,000 in the week ending Dec. 26.

In midmorning trading, the DJIA lost 2.42 points, 0.02 percent, to 10,546.09.

The Standard & Poor's 500 added 0.02 points to 1,126.44, not enough to register a percent change. The Nasdaq composite index gained 0.03 points to 2,291.31, also not enough to muster a change on the percent column.

The benchmark 10-year U.S. Treasury bill lost 16/32 to yield 3.855 percent.

The euro rose to $1.4372 from Wednesday's $1.4336. Against the yen, the dollar rose to 92.71 yen from Wednesday's 92.46 yen.

Copyright 2009 by United Press International.

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