Wall Street Staid as Focus Shifts to Jobs Report
US markets on Thursday were trying to claw back ground lost earlier in the day, but remained generally static. Yields on government bonds rose again while and crude oil climbed past $50 a barrel, the highest price since June - a day ahead of a crucial employment report that would show whether the economy is strong enough to absorb an interest rate hike.
Thursday, October 6, 2016 - 00:00
In afternoon trading, the Dow Jones industrial average was down 0.12% and the S&P 500 index was up 0.05%. The Nasdaq was down 0.17%.
A growing number of US Federal Reserve officials have argued for higher rates as the labor market remains solid and inflation inches towards the central bank's 2% target. The view was encouraged by a report that showed the number of Americans filing for unemployment benefits fell to a near 43-year low last week.
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