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Investors Await Jobs Data

Investors Await Jobs Data (Bloomberg)

Stocks were little changed today, as the S&P added less than a point to hit yet another record high while the Dow Jones fell 0.1%. As earnings begin to be reported, investors likely are waiting for tomorrow’s jobs data to be released before making any big moves. “There are certainly some digestions going on as these earnings are being reported,” Jim King, president and chief investment officer at Wyomissing, Pennsylvania-based National Penn Investors Trust Co., said. “What we know is that earnings are continuing to come through pretty strongly and the Fed continues to promote asset growth. Those two things are the drivers of seeing higher stock prices over the next several quarters.”

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