The S&P 500 was muted and Nasdaq inched lower on Monday in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data.
Read More S&P, Nasdaq muted as markets brace for inflation and FedTag: Nonfarm payrolls
US labor market shows strength amid surge in payrolls gains
U.S. job growth accelerated in November while the unemployment rate fell to 3.7%.
Read More US labor market shows strength amid surge in payrolls gainsUS weekly jobless claims increase moderately
The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing momentum.
Read More US weekly jobless claims increase moderatelyUS weekly jobless claims fall; business spending on equipment softening
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening