Wall Street drifted to a quiet close Thursday as pressure from the bond market remained high due to worries about a too-hot US job market. The S&P slipped 5.56, or 0.1%, to.
Wall Street drifted to a quiet close Thursday as pressure from the bond market remained high due to worries about a too-hot US job market. The S&P slipped 5.56, or 0.1%, to 4,258.19, a day before a highly anticipated report on the job market that could sway the Federal Reserve’s view on interest rates, the AP reports. The Dow edged down by 9.98 points, or less than 0.1%, to 33,119.57. The Nasdaq dipped 16.18, or 0.1%, to 13,219.83.
Stocks have struggled since the summer under the weight of soaring Treasury yields in the bond market, which undercut stock prices and crimp corporate profits.
