Stocks trade in narrow range early in day

NEW YORK (AP) — Stocks are trading in a narrow range a day after the Dow Jones industrial average broke a seven-day losing streak.

The lack of big movements today means investors are still cautious about the strength of an economic recovery.

There are no major economic reports due out today that could help shake the market from its recent doldrums. Investors could remain tentative ahead of the government’s weekly report on jobless claims coming out Thursday. Employment reports have become the most important in dictating trader confidence in the economy.

The Dow Jones industrial average is up 11.20, or 0.1 percent, at 9,755.13. The Standard & Poor’s 500 index is up 2.58, or 0.3 percent, at 1,030.64, while the Nasdaq composite index is up 6.74, or 0.3 percent, at 2,100.62.