Stocks open flat on mixed earnings
NEW YORK (AP) — U.S. stocks were mostly unchanged in early trading Thursday, following mixed quarterly results from companies like Facebook and Whole Foods.
The social network reported an 11 percent gain in quarterly profits, helped by higher advertising revenue.
The grocery store chain reported that its latest quarterly profit fell by more than half as it faces intense competition because organic foods are becoming more widely available.
Testifying before a committee of the U.S. Congress, Federal Reserve Chair Janet Yellen described the U.S. economy as "performing well" and said an interest rate hike in December was a "live possibility" if the economy stays on track.
Investors expect that U.S. employers added 185,000 jobs last month and that the unemployment rate remained steady at 5.1 percent.