US stocks wobbled on Thursday as investors digested more weaker-than-expected labor market data that could help set expectations for both interest-rate cut hopes and the health of the US economy. The S&P 500 wavered around the flatline, while the Dow Jones Industrial Average fell 0.3%. The tech-heavy Nasdaq Composite rose 0.3%, amid bumpy trading for all three benchmarks. The gauges finished Wednesday's volatile session mixed as their sluggish start to September continued.
Together, the jobs market data serves as an appetizer for Friday's jobs report for August, crucial to the Fed's policy decision making and closely watched amid hopes for a "Goldilocks" economy. Stocks are seesawing with the market torn between conflicting impulses as data releases paint a downbeat picture of the economy. Recent soft readings make the case for deeper rate cuts.
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