Dow Jones drift lower as investors monitor labor market data

Advertisement

The Dow Jones Industrial Average rose by 81.4 points, or 0.20%, at the start of trading on Thursday, reaching 41,056.33. Meanwhile, the S&P 500 remained flat at 5,520.08. The Nasdaq Composite saw a slight drop, falling by 21.1 points, or 0.12%, to 17,063.24.

Investors are closely analyzing mixed labor market data to assess the potential size of the Federal Reserve’s anticipated interest rate cut later this month. With market sentiment on edge, these early movements reflect caution as traders await more economic clarity.