From the Wall Street Journal: U.S. stocks were little changed Thursday ahead of Friday’s jobs report, while government bonds declined for a fifth consecutive session.
A rally in financial shares this week has helped offset declines in such bond proxies as consumer staples, helping keep major U.S. indexes steady leading up to the monthly employment data.
A strong report could reassure investors that the U.S. economy remains on track while bolstering the case for the Federal Reserve to raise interest rates in December. That could further widen the divergence between defensive shares and riskier shares such as those of banks.
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