• Updated

U.S. stocks wobbled after feeling both the upside and downside of a surprisingly strong report on the U.S. job market. After initially rising toward its all-time high on Wednesday, the S&P 500 flipped between gains and losses before finishing with a minuscule drop of less than 0.1%. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite fell 0.2%. Treasury yields remained higher in the bond market. The upside of the stronger-than-expected data for stocks is that it could drive continued growth in profits for companies. The downside is that it could discourage the Federal Reserve from cutting interest rates.