Dow slips as investors look ahead to Friday jobs report
The Dow slipped Thursday as traders anxiously await the Friday jobs report, which will give more information about a potential economic downturn.
The Dow Jones Industrial Average shed 74 points, or 0.23%. The S&P 500 was flat after hitting its highest level since June on Wednesday, and the Nasdaq Composite gained 0.26%.
A slight uptick in weekly jobless claims, reported Thursday morning, weighed on investors watching for signs that labor market strength is dwindling. The July jobs report, scheduled to be released Friday, will show how employers hired last month. In addition, investors will get an updated look at inflation data from the July consumer price index report next week.
“I would certainly consider today one of those wait-and-see days while we wait for the most important piece of data that comes out this week,” said Art Hogan, chief market strategist at B. Riley Financial, referring to the Friday jobs report.
Oil prices fell…
