Stocks end with tiny gains, enough to nudge Nasdaq to record

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“Friday’s [jobs] numbers are going to be very carefully looked at on all levels,” said Tom Martin, senior portfolio manager with Globalt Investments. The report should provide more clues about the strength of the job market and might give investors a clearer sense of whether the Federal Reserve will decide at its upcoming September meeting on a timeline for paring back the $120 billion in bond purchases it’s making each month. Fed Chair Jerome H. Powell has signaled that the central bank will continue to keep interest rates low for the foreseeable future, even when it tapers the bond buying.

despite the fact that companies were still struggling with supply chain problems. The supply chain issues, along with improvements in employment, are key factors in how investors are gauging the direction and potential effects of inflation, Martin said.

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