Wall Street is drifting higher following its first three-day losing streak since Halloween. The S&P 500 was up 0.5% Thursday and continuing to hang near its highest level since March 2022. The Dow was up 12 points, and the Nasdaq composite was 0.9% higher. Energy stocks rose after crude oil prices recovered some of their sharp tumble from the day before. Treasury yields were mixed after a report showed a slight uptick in the number of workers applying for unemployment. A potentially more impactful report on the job market will arrive Friday. That could give more hints about where interest rates are heading.
Shares fell Thursday in Asia after a retreat on Wall Street as crude oil prices slipped on expectations that supply might outpace demand. Benchmarks fell more than 1% in Tokyo and Hong Kong. On Wednesday, the S&P 500 fell 0.4% in its third straight loss though the index remains near…
Early trading is mixed on Wall Street ahead of new data on the labor market and a meeting next week where the Federal Reserve will decide what to do with the benchmark interest rate, which it’s pushed higher in part to cool hiring