Markets have been up and down today, as they have for the past three days. The Dow was up 100 points early and is now down near 100. NASDAQ off 1% too.
Economic data has been mediocre, without any big hits or misses. Initial claims fell slightly less than expected, as did productivity, while unit labor costs were up. The ISM index surprisingly came in above the contraction threshold. Construction spending was worse than expected.
Everyone's waiting on the big jobs report tomorrow.
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