U.S. stocks lagged Thursday ahead of monthly employment data as traders failed to continue momentum from a rally fueled by Fed Chair Jerome Powell’s indication of a slowdown in rate increases.
The S&P 500 (^GSPC) slipped 0.1%, while the Dow Jones Industrial Average shed 200 points, or 0.6%. The technology-heavy Nasdaq Composite was an outlier — closing up 0.1%. In other pockets of the market, the U.S. dollar index retreated as the greenback had its worst monthly performance in over a…
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