Weekly equities preview: Investors brace for key labor market data

reaching a new record as investors wrapped up a volatile month on a positive note. The market gains came as traders digested key inflation data closely monitored by the Federal Reserve.

As August came to a close, the S&P 500 recorded a 2.3% monthly gain, its fourth consecutive monthly advance. The Dow gained nearly 1.8%, and the Nasdaq Composite posted a 0.7% increase. Strategists at Yardeni Research expect the upcoming labor market indicators “to show that August's employment continued to grow at a solid pace greater than July's pace, which was weakened by bad weather.”This week’s earnings: Broadcom, DollarTree, Nio

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Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor marketInitial claims for unemployment insurance were expected to total 240,000 for the week ending Aug. 3.
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