U.S. Stocks Open Little Changed After 3-day Rally

U.S. stocks opened little changed Thursday after three straight sessions of gains. A drop in oil prices weighed on the main benchmarks, while a report showed the number of Americans who applied for unemployment benefits rose to the highest level in two months. The S&P 500 opened one point lower at 2,063. The Dow Jones Industrial Average gained 10 points, or less than 0.1%, to 17,727. Meanwhile, the Nasdaq Composite began the day down 3 points, or less than 0.1%, at 4,867.