Stocks Pause as Markets Await Key Jobs Report
TL;DR Summary
US stocks were mostly unchanged on Thursday, with the S&P 500 dipping slightly and the Dow Jones rising 0.2%, as investors await a key jobs report. Nvidia shares fell over 1%, dropping its market cap below $3 trillion. The market is anticipating a potential Federal Reserve rate cut in September, with traders now seeing a 69% chance of this happening. The May jobs report, expected to show a cooling labor market, is set for release on Friday.
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