NEW YORK (CNNMoney)
U.S. stocks opened little changed Thursday, after markets finished mostly higher Wednesday.
The Dow Jones industrial average flipped between small gains and losses, while the S&P 500 and Nasdaq slipped 0.2%.
Investors refrained from making big bets as the fiscal cliff remains unresolved. President Obama told members of the Business Roundtable Wednesday that there has been "some movement" on the Republican side toward allowing rates to rise on high-income taxpayers. If this continues, he said, "we can probably solve this in about a week."
Obama was adamant that going over the fiscal cliff for political purposes would harm the economy by jeopardizing America's credit rating.
Meanwhile, investors also continued to keep an eye on the latest jobs data leading up to the monthly jobs report due Friday. The Labor Department reported that the number of Americans filing for first-time unemployment benefits dropped 25,000 to 370,000 last week. Economists surveyed by CNNMoney predict the Labor Department's report on Friday will show the U.S. economy added only 77,000 jobs in November, which would mean a major hiring slowdown after 171,000 jobs were created a month earlier.
Apple (AAPL, Fortune 500) shares continued to decline, falling almost 3% in morning trading. In an interview with NBC's Brian Williams scheduled to air Thursday evening, Apple CEO Tim Cook said Apple will begin manufacturing one of its existing Mac lines exclusively in the United States next year.
Yoga apparel maker lululemon athletica (LULU) reported third-quarter earnings that topped expectations, but its guidance for the fourth quarter fell short of forecasts. Still. shares gained 5% in early trading.
Fear and Greed Index back in Fear mode
European markets were up in afternoon trading, with Nokia (NOK) leading the way after China Mobile (CHL)agreed to sell the Finnish company's Lumia 920 handset.
The European Central Bank announced Thursday morning that it will leave interest rates unchanged. So did the Bank of England.
Asian markets ended mixed, showing little unified movement as Japan's Nikkei got a boost from a weakening yen and new polls ahead of Election Day.
The dollar gained ground versus the euro, but slipped against the British pound and the Japanese yen.
Oil for January delivery declined 1.7% to $86.43 a barrel. Gold for February delivery fell slightly to $1,692 an ounce.
The price of the 10-year Treasury rose, pushing the yield down to 1.57% from 1.59% late Wednesday. 
First Published: December 6, 2012: 9:45 AM ET
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