Stock market today: Most of Wall Street slips as S&P 500 stays on track for worst week since April

NEW YORK — Most U.S. stocks fell following a mixed round of data on the economy, keeping them on track for their worst week since April. The S&P 500 slipped 0.3% Thursday for a third straight drop, and the Dow Jones Industrial Average fell 0.5%. The Nasdaq composite held up better than the rest of the market and rose 0.3% thanks to gains for Tesla and a handful of other Big Tech stocks. Treasury yields eased a bit ahead of a highly anticipated report on Friday. That’s when the U.S.

A report released later in the morning offered more optimism, saying growth for businesses in the mining, finance, health care and other services industries was stronger last month than economists expected. That’s when the U.S. government will say how many jobs U.S. employers added last month, and economists are expecting an acceleration of hiring. The job market’s performance could dictate how big of a cut to interest rates the Federal Reserve will deliver at its next meeting later this month.

Perhaps more importantly for investors, the 10-year yield is flirting with the end of a more than two-year stretch where it was lower than the two-year Treasury yield. That's an unusual occurrence called an “inverted yield curve." Usually, the opposite is the case, where longer-term yields tend to be higher than shorter-term yields.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow, S&P 500 continue September swoon ahead of pivotal jobs reportLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market dataLabor data is in focus as the prospect of rate cuts fails to offset growing doubts about the health of the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq slip as sluggish start to September continuesInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Wall Street climbs as S&P 500 closes out fourth-straight winning monthTHIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks on Wall Street bounced back from a midafternoon fade Friday, leaving the market on pace to close out its fourth-straight winning month with more gains. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market today: Dow hits record, S&P 500, Nasdaq rise despite fall in Nvidia sharesThe dust is settling after Nvidia's solid but disappointing earnings, as investors reassessed the prospects for techs.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow closes at record high, S&P 500, Nasdaq slide as tech lagsStocks are eyeing a bid for fresh record highs after Jerome Powell made it crystal clear the Fed is ready to pivot to lowering rates in September.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »