US stocks move between slight gains and losses at midday
By KEN SWEET, Associated Press
Oct 8, 2015 11:38 AM CDT
FILE - This Oct. 2, 2014 file photo shows the facade of the New York Stock Exchange, in New York. Pent-up investor demand fueled a jump in Shanghai stocks after Chinese markets reopened Thursday, Oct. 8, 2015, following an extended holiday but other world bourses were lackluster ahead of the release...   (Associated Press)

NEW YORK (AP) — U.S. stocks are wavering between small gains and losses in midday trading Thursday as investors wait for the release of the minutes from the Federal Reserve's latest meeting. The market is coming off a weeklong advance.

KEEPING SCORE: The Dow Jones industrial average was up 22 points, or 0.1 percent, to 16,934 as of 12:27 p.m. Eastern. The Standard & Poor's 500 index lost a point to 1,994 and the Nasdaq composite fell 38 points, or 0.8 percent, to 4,752.

FED WATCH: While the minutes from the Federal Reserve's regular policy meetings can be a ho-hum affair, the mood is different this time. In September, the Fed decided to hold off raising interest rates citing concerns about the global economy. That decision caught many people off guard. Investors are going to be looking for any clues as to whether the Fed will do the same this month, or even in December.

"We want to see which people on the Fed wanted a rate hike and those who wanted to hold off," said Quincy Krosby, a market strategist with Prudential Financial.

STOP-PRO: Camera maker GoPro sank $1.83, or 6 percent, to $27.50, after Morgan Stanley drastically cut its price target on the company, citing weak demand for GoPro's most recent products. GoPro's stock has been in free-fall for weeks and it's coming close to dipping below its initial public offering price of two years ago.

DEAL WATCH: Cloud computing and data storage company EMC added $1.31, or 5 percent, to $27.27 after The Wall Street Journal reported that Dell, the PC maker, and a private equity firm are in advance talks to buy it.

WRITEDOWNS: Deutsche Bank fell 60 cents, or 2 percent, to $28.18 after the bank said it would take $6.5 billion in writedowns for its corporate and investment banking divisions.

ENERGY: Benchmark U.S. crude rose $1.58 to $49.38 a barrel on the New York Mercantile Exchange. Brent Crude, which is used to price international oils, climbed $1.63 to $53.40 a barrel in London.

BONDS, CURRENCIES: U.S. government bond prices edged lower. The yield on the 10-year Treasury note rose to 2.08 percent. The euro rose to $1.1285 while the dollar was little changed at 119.92 yen.