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Wall St ends flat with eyes on payrolls

Thursday, October 06, 2016 - 01:03

U.S. stocks closed little changed on Thursday ahead of job market data seen as key to determine whether the Federal Reserve will raise rates before the end of the year. Bobbi Rebell reports.

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A narrow trading range for stocks on Thursday. The major indexes closing mixed just one day before the highly anticipated September jobs report set for release Friday morning. New data out Thursday showed the number of Americans filing for unemployment benefits fell unexpectedly to a near 43-year low. Goldbean CEO Jane Barratt: SOUNDBITE: JANE BARRATT, CEO, GOLDBEAN (ENGLISH) SAYING: "A great employment number tomorrow could actually put pressure on the Fed to raise interest rates sooner. But, you know, the good money is on a December rate raise for now. " Twitter stock plunging on fears the social media company isn't drawing much interest from potential buyers. Twitter's board agreed last month to consider a sale, as the company continues to lose money and faces stagnant user growth. Wal-Mart stock also to the downside. The company cut its profit expectations, pointing to its investment in online growth. Turning to Europe, the major country indexes closed out Thursday's session in the red.

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Wall St ends flat with eyes on payrolls

Thursday, October 06, 2016 - 01:03