A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected in the first quarter of 2024. The Labor Department said labor productivity rose by 0.
After an initial move to the upside, stocks have fluctuated over the course of the trading session on Thursday. The major averages pulled back off their early highs and briefly dipped below the unchanged line but have moved back to the upside since then.
Despite a weak dollar and lower bond yields, gold futures settled slightly weak on Thursday as investors continued to assess the likely interest rate path of the Federal Reserve after recent economic data.
After fluctuating early in the session, stocks have moved mostly higher over the course of the trading day on Thursday. The major averages have climbed more firmly into positive territory after bouncing back and forth across the unchanged line in early trading.