Stock Market Today: Dow ends nearly 200 points lower ahead of September jobs report
U.S. stocks closed lower on Thursday, but off the session’s lows, as traders monitored developments in the Mideast conflict and awaited a monthly jobs report in the U.S.
The Dow Jones Industrial Average shed 184.93 points, or 0.4%, ending at 42,011.59, its biggest daily drop in a roughly a week, according to Dow Jones Market Data.
The S&P 500 fell 9.60 points, or 0.2%, finishing at 5,699.94.
The Nasdaq Composite dropped 6.65 points, or less than 0.1%, closing nearly unchanged at 17,918.48.
The powerful rally driving stocks to fresh highs has taken a breather in the first week of October as the Mideast conflict intensified, with oil prices rising and other headwinds keeping investors on edge. Friday’s jobs report for September will be a key data point in helping to inform the Federal Reserve’s next move on interest rates.
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