U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike.
Tags: NASDAQ
Stock futures little changed ahead of data, deals support
U.S. stock index futures were little changed in light volume on Wednesday ahead of industrial orders data, with deals indicating investors still see value in the market despite indexes trading near all time highs.
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U.S. stocks closed down on Wednesday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week.
U.S. stocks finished down on Tuesday, a day after the S&P and Dow hit records, and the Nasdaq retreated with technology stocks.
The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.
The Nasdaq resumed its recent advance on Thursday after deal news in the technology sector, while the Dow and S&P 500 dipped as energy shares sank with oil prices.
The S&P 500 closed down and the Nasdaq snapped a 10-session winning streak on Wednesday as investors took profits in Apple shares, while the Dow eked out another record high close.
U.S. stocks closed higher on Tuesday, with the Dow and S&P 500 hitting records, as investors attempted to interpret a subtle change in emphasis in testimony by Federal Reserve Chair Janet Yellen.
Caution gripped Asian markets on Tuesday as investors fretted over what Federal Reserve Chair Janet Yellen might say later in the day on the likely lift-off date for U.S. policy tightening.
The Nasdaq ended higher on Monday for a ninth straight day following gains in Apple (AAPL.O), while the Dow and S&P 500 eased off recent record highs as lower oil prices dragged down energy shares.
As the technology-heavy Nasdaq Composite Index closes in on the all-time high it reached in March 2000, investors are facing a market that barely resembles the go-go era of 15 years ago.
