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Wall Street today: US stocks mixed after labor market data

Wall Street today: The Dow Jones rose 0.20%, the S&P 500 was flat​, the Nasdaq dropped 0.12% US stocks were mixed on Thursday as investors parsed through mixed labor market data.

As of 9:35 am Eastern time, the S&P 500 was flat. The Dow Jones Industrial Average was down 102 points, or 0.2 per cent, and the Nasdaq Composite was 0.4 per cent higher.

At the opening bell, the Dow Jones Industrial Average rose 81.4 points, or 0.20 per cent, to 41056.33. The S&P 500 was flat at 5520.08, while the Nasdaq Composite dropped 21.1 points, or 0.12 per cent, to 17063.237. 

Investors are focussed on the US government’s monthly update on job growth in August.

In the bond market, the yield on the 10-year Treasury fell to 3.73 per cent from 3.76 per cent late oh Wednesday.

Bullion

Gold prices rose on Thursday, fuelled by wide expectations of a deeper US Federal Reserve rate-cutting cycle starting this month.

Spot gold was up 1.0 per cent at $2,518.92 per ounce by 1221 GMT.

Spot silver gained 1.6 per cent to $28.74.

Crude oil

Crude Oil prices inched higher on Thursday, with OPEC close to agreement on postponing a planned production increase.

Brent traded above $73 a barrel.

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