On Thursday, the Dow closed lower by nearly 195 points as traders looked to reduce exposure before the jobs data came out. The S&P 500 slid 0.09% on Thursday, while the tech-heavy Nasdaq Composite added 0.13%.
Thursday’s moves followed a mixed batch of economic data, including a core personal consumption expenditures report that was slightly better than expected every month and a bigger-than-expected decline in the ISM Manufacturing Index. The so-called PCE deflator is one of the Federal Reserve’s preferred inflation gauges.
