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Stocks - Wall Street Flat as Traders Digest Jobs Data, Trade News 

Stock MarketsDec 05, 2019 10:10AM ET
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© Reuters.

Investing.com – Wall Street was flat on Thursday as upbeat jobs data and optimism over trade failed to make any material impact.

The Dow was at 27,621.15 points by 10:02 AM ET (15:02 GMT), down 0.1%, while the S&P 500 was down in line and the Nasdaq composite was effectively unchanged.

Weekly jobless claims fell to a seventh-month low last week, suggesting the labor market remains strong. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday.

On the trade front, China reiterated its expectations that tariffs should be lifted as part of a phase-one deal, after Bloomberg reported on Wednesday that U.S. officials expect a deal before the latest round of American tariffs takes effect on Dec. 15.

"The Chinese side believes that if the two sides reach a phase one deal, tariffs should be lowered accordingly," ministry spokesman Gao Feng said. Both sides remain in discussions over the deal, he added.

Nike (NYSE:NKE) rose 1.9% on an analyst upgrade, while Signet Jewelers (NYSE:SIG) surged 9% after losses came in lower than expected for the third-quarter.

Slack Technologies (NYSE:WORK) fell 4.5% after guidance for its bottom line suggest costs could be higher than expected for the current quarter.

In commodities, the U.S. dollar index, which measures the greenback against a basket of six major currencies, was down 0.2% to 97.390 and gold futures inched up 0.1% to $1,481.25 a troy ounce. Crude oil futures gained 0.9% to $58.92 a barrel.

Stocks - Wall Street Flat as Traders Digest Jobs Data, Trade News 
 

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Comments (3)
Aaron Last Name
Aaron Last Name Dec 05, 2019 11:52AM ET
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A source close to the talks said we will have a tentative agreement of a subchapter of the trade agreement which is the best ever made and is full of awesomeness. He has great instincts that we are very close. May the force be with you.
wyse capital
wyse capital Dec 05, 2019 10:58AM ET
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mmmh.... nothing interesting so far,
Shashi Bb
Shashi Bb Dec 05, 2019 10:55AM ET
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where's the china talks going well tweet?
 
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