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Wall Street opens flat ahead of Yellen testimony

NEW YORK (Reuters) - U.S. stocks opened flat on Thursday after initial jobless claims data pointed to a possible strengthening in the labor market and ahead of testimony by Federal Reserve Chair Janet Yellen.

The Dow Jones industrial average <.DJI> was up 3.31 points, or 0.02 percent, at 16,521.85. The Standard & Poor's 500 Index <.SPX> was down 1.75 points, or 0.09 percent, at 1,876.46. The Nasdaq Composite Index <.IXIC> was down 15.52 points, or 0.38 percent, at 4,052.16.

The Nasdaq was pressured again by weakness in Internet stocks. Priceline fell 3.2 percent to $1,095 while TripAdvisor Inc was off 2.1 percent to $82.19.

(Reporting by Ryan Vlastelica; Editing by Bernadette Baum)

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