US stocks lost steam in mid-morning trading on Friday after consumer sentiment hit a six-month low. The Dow Jones Industrial Average , which is eyeing its eighth straight win, clung to gains of roughly 0.2%, with the benchmark S&P 500 hovering above the flatline on the heels of closing above 5,200 for the first time in a month. The tech-heavy Nasdaq Composite declined around 0.1%.
The drop in sentiment comes as investors debate the future of interest rate cuts amid recent signs of a cooling labor market. Read more: How does the labor market affect inflation? Given that, investors will listen closely to speeches from a packed lineup of Fed speakers on Friday for more insight into timing, pace, and chance of an easing in policy. Michelle Bowman, Neel Kashkari, and Austan Goolsbee are among those scheduled to appear.
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