Stocks little changed as trader watch budget talks

December 19, 2012 - 11:33 AM

Stocks are opening mixed on Wall Street as traders keep a close eye on budget talks in Washington as a deadline approaches for reaching a deal.

The Dow Jones industrial average was up two points at 13,354 shortly after the opening bell Wednesday.

The Standard & Poor's 500 index was flat at 1,447 and the Nasdaq composite index edged up five points to 3,060.

General Motors jumped 7 percent to $37.36 a share after reporting that it will buy back government's stake in the company within the next 15 months.

Business software maker Oracle jumped 3 percent to $34 a share after reporting stronger earnings as companies splurged on software and other technology.