US STOCKS-Wall St little changed, on track for weekly decline

Fri Aug 9, 2013 9:55am EDT
 
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* Stock indexes poised for worst week since June

* Priceline gains on results, headed towards $1,000 a share

* BlackBerry open to going private, sources tell Reuters

* Dow flat, S&P up 0.1 pct, Nasdaq up 0.2 pct

By Ryan Vlastelica

NEW YORK, Aug 9 (Reuters) - U.S. stocks were little changed on Friday but indexes were on track for their worst week since June as investors found few reasons to buy with equity prices near record levels.

Wall Street has struggled this week, notching small moves in light volume, as an absence of trading incentives kept buyers at bay. Comments from Federal Reserve officials, which underlined confusion over when the central bank's stimulus policy would start to slow, further added to uncertainty.

"It's very quiet, and the market is just digesting and looking ahead. I don't see anything dramatic coming up," said John Carey, portfolio manager at the Boston-based Pioneer Investment Management, which has about $200 billion in assets under management.

"Markets are steady in terms of valuation, with no great risks but also no screaming buys."   Continued...