© Reuters.
By Liz Moyer
Investing.com — U.S. stocks were mixed on Thursday as investors awaited the jobs report for September.
At 9:55 ET (13:55 GMT), the was down 51 points or 0.1%, while the was flat, and the was up 0.4%.
gave a glimpse of things to come. The labor market remains strong, but the number of people filing new unemployment claims rose more than expected last week. The Federal Reserve wants to cool the economy without sparking a big wave of unemployment.
But some investors have raised hope that the Fed’s aggressive moves could ease somewhat amid signs the economy is cooling.
Two Fed officials tried to quiet expectations for a so-called Fed “pivot” on Wednesday. Atlanta Fed chief Raphael Bostic and San Francisco Fed chief Mary Daly warned not to expect a rate cut next year.
Data on Wednesday showed more hiring by private employers and an increase in service industry employment, strong labor signals that suggest the Fed will keep interest rates on the high side for longer than some in the market expect.
A day after major oil-producing nations agreed to cut production by two million barrels a day, oil prices were trading near three-week highs. was up 0.1% at $87.89 a barrel, while rose 0.1% to $93.45 a barrel.
was flat at $1720 an ounce.
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