US stocks traded mixed on Thursday and ended August in the red.Investors are eyeing the release of Friday's job report, which will inform the Fed's next policy move.
Major indexes rose in early morning trading but ended the day mostly lower, with the Dow Jones Industrial Average ending today's session slightly in the red. "The PCE index has been moving in right right direction overall, but core inflation remains stickier than expected keeping the data dependent — and 'agile' — Fed more likely to raise rates again this year," LPL chief global strategist Quincy Krosby said in a statement on Thursday. "Moreover, the disinflation trend remains steady, but the Fed needs the numbers to edge lower before they can declare victory in its campaign to quell inflation.
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