NEW YORK (AP) - Stocks are wavering in a tight range ahead of an upcoming meeting of world leaders and as Europe continues to grapple with government debt problems.
The bigger-than-expected drop in unemployment claims is providing some support for the market. The weekly report comes after the government last week said that hiring by private employers rose at its fastest pace in six months.
But enthusiasm over the jobs report is being tempered ahead of a meeting of world leaders. The Group of 20 meeting comes as countries like the U.S. and Japan try to weaken their currency to help stimulate economic growth.