NEW YORK — U.S. stocks are hanging around their records ahead of a big jobs report due on Friday. The crypto market had much more action, and bitcoin burst to a record above $103,000. The S&P 500 was flat early Thursday after setting an all-time high for the 56th time this year the day before. The Dow Jones Industrial Average slipped 34 points, while the Nasdaq composite rose 0.1%.
Dollar General, another discount retailer, gained close to 2% in premarket after it topped sales projections but missed on Wall Street’s per-share profit targets. Yoon accepted his defense minister's resignation Thursday as opposition parties moved to impeach them both. The main opposition Democratic Party and other small opposition parties submitted a joint motion to impeach President Yoon Suk Yeol on Wednesday over his martial law declaration.
The central bank had appeared set to continue cutting rates into next year, but the election of Donald Trump has scrambled Wall Street’s expectations somewhat. Trump’s preference for higher tariffs and other policies could lead to higher inflation, which could alter the Fed’s plans.
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