HomeNewsBusinessMarketsWall Street ends flat with eyes on payrolls

Wall Street ends flat with eyes on payrolls

Gains in crude prices gave support to the idea that the economy is strengthening, as did a report that showed the number of Americans filing for unemployment benefits fell unexpectedly last week to a near 43-year low.

October 07, 2016 / 07:59 IST
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Major US stock indexes closed little changed on Thursday, even as declining names outnumbered advancers, ahead of job market data seen as key to determine whether the Federal Reserve will raise rates before the end of the year.

Gains in crude prices gave support to the idea that the economy is strengthening, as did a report that showed the number of Americans filing for unemployment benefits fell unexpectedly last week to a near 43-year low.

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The data comes a day before the payrolls report for September, expected to show the US economy created 175,000 jobs last month.

The dollar hit its highest since late July against a basket of currencies as the data reinforced the view the Fed may raise interest rates at its December meeting.