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U.S. stocks finished lower on Thursday as investors awaited Friday's November nonfarm payrolls report.?
?? DJIA -0.55%, S&P 500 -0.19%, NASDAQ -0.18% ?????????
Today's market commentary will be brief.
Stocks traded generally in negative territory as major stock indexes retreated from record highs. Investors awaited the release of Friday's jobs report. Economists are forecasting that the U.S. economy added 214,000 new jobs in November.
U.S. Treasury yields finished mixed on Thursday as traders weighed possible outcomes of the upcoming report and as last week's jobless claims reported earlier in the day rose but showed that the labor market remained healthy.
We at MCF remain positive on financial markets but are monitoring Friday's nonfarm payrolls data to determine its impact on interest rates ahead of the Federal Reserve's next policy meeting.
Stay Tuned!
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???SOURCES:?LSEG Workspace, Dow Jones NewsPlus, MarketWatch, Wall Street Journal, Barron’s, FinancialJuice, Investing .com, CNBC, Reuters, Wells Fargo Investment Institute, TradingView, Zacks
Image: Thursday’s Intraday Chart (1 Minute), Source: TradingView via LSEG Workspace