Stocks Little Changed in the Early Trading

U.S. stocks opened little changed on Friday, after the Federal Reserve’s most recent policy statement sparked huge Thursday run-up. The Dow Jones Industrial Average lately fell 9.25 points, or 0.05%, to 17,768.90.  The S&P 500 gained 2.79 points, or 0.14%, to 2,064.02. The Nasdaq Composite lost 6.15 points, or 0.13%, to 4,742.25.

BlackBerry Ltd. on Friday signaled that its turnaround effort is ahead of schedule, posting a small operating profit in the fiscal third quarter and achieving positive cash flow earlier than it had targetd. The company reported a net loss of $148 million, or 28 cents a share, narrowing from a hefty loss of $4.4 billion, or $8.37, a year earlier.

CarMax Inc. (KMX) reported on Friday a fiscal third-quarter profit of $130 million, or 60 cents a share, up from $106.5 million, or 47 cents a share, in the year-earlier period. The used car retailer said revenue for the quarter ended Nov. 30 rose 16% to $3.41 billion.

Oil prices moved back into positive territory in Asian trade Friday, after posting sharp overnight losses. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, +2.92% traded at $54.44 a barrel at last check, up $0.33 in the Globex electronic session.