S&P 500, Dow End Lower Ahead of Key Jobs Data
The benchmark S&P 500 index and the Dow ended lower in choppy trading on Thursday after a short-lived boost from a string of economic reports faded and investors eyed key jobs data due on Friday. The Nasdaq finished slightly higher.
Markets were edgy ahead of the release of the comprehensive nonfarm payrolls data - which will likely set the stage for the Federal Reserve to begin cutting rates later this month.
According to preliminary data, the S&P 500 lost 16.39 points, or 0.30%, to end at 5,503.68 points, while the Nasdaq Composite gained 42.15 points, or 0.25%, to 17,126.45. The Dow Jones Industrial Average fell 222.05 points, or 0.54%, to 40,752.92.
Source : Reuters