US stocks are mixed in early trade as markets continue in their generally sideways drift in a patient wait for a political deal in the fiscal cliff deficit talks.
After 30 minutes of trade on Thursday, the Dow Jones Industrial Average was down 18.97 points (0.15 per cent) to 13,015.52.
The S&P 500 slipped 1.94 (0.14 per cent) to 1,407.34, while the Nasdaq Composite gained 0.57 (0.02 per cent) at 2,974.27.
US weekly jobless claims did not surprise at 370,000, settling back to the year's general range after spiking higher for three weeks because of superstorm Sandy.
Fiscal cliff talks continued, with both sides moving slightly closer via hints at compromise but no real news to confirm that the sharp tax hikes and spending cuts programmed for January 1 will be averted.
Apple, which took its sharpest fall in four years on Wednesday, opened more than two per cent lower before rebounding; it was down 0.3 per cent at $US537.23.
Investors continued to dump shares of miner Freeport-McMoRan after it announced a $US9 billion ($A8.65 billion) deal to buy two US oil and gas firms at hefty premiums.
Investors criticised the deals, saying they appeared to heavily benefit the board members and top shareholders in Freeport that also had interests in the other two companies, McMoRan Exploration and Plains Exploration.
Freeport shares were down 4.0 per cent, after losing 16 per cent Wednesday.
Plains lost 2.3 per cent and McMoRan 0.2 per cent.
Bond prices gained. The 10-year US Treasury yield dipped to 1.57 per cent from 1.59 per cent late Wednesday, while the 30-year fell to 2.76 per cent from 2.78 per cent.
Bond prices and yields move inversely.
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