S&P 500 struggles for direction ahead of Friday's jobs report
Investing.com -- The S&P 500 struggled for direction Thursday as investors remain on edge over higher for longer interest rates just ahead of the Friday jobs report that will play a role in shaping the Federal Reserve’s decision on whether to raise rates next month.in the week ended Sept. 23 added to mixed picture on the labor market including surprise uptick in labor demand and slowing private job growth seen so far this week.
Treasury yields retreated again on Thursday, though remain at multi-year highs as investors wary of upside to resume as a stronger jobs report on Friday could signal that the Fed has more work to do restrict growth.) fell more than 5%. leading consumer staples lower, a day after the products maker said impact of the cyber attack in August was expected to hurt growth.
The softer guidance on growth fueled bearish commentary from Wall Street as some question whether the company will still be able raise prices to boost growth.skews negative from here given our lack of conviction in the sustainability of CLX's +3-5% organic algorithm as pricing fades,” UBS said in a note.) tumbled 9% reported late-Wednesday after detailing plans to raise $1.5 billion in convertible notes.
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