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U.S. stocks closed lower on Thursday but off the session's lows as traders monitored developments in the Mideast conflict and awaited a monthly jobs report in the U.S.
According to Dow Jones Market Data, the Dow Jones Industrial Average shed 184.93 points, or 0.4%, to end at 42,011.59, its biggest daily drop in roughly a week.
The S&P 500 fell 9.60 points, or 0.2%, finishing at 5,699.94.
The Nasdaq Composite dropped 6.65 points, or less than 0.1%, closing nearly unchanged at 17,918.48.
The powerful rally driving stocks to fresh highs took a breather in the first week of October as the Mideast conflict intensified. Oil prices rose, and other headwinds kept investors on edge. Friday's jobs report for September will be a key data point in helping to inform the Federal Reserve's next move on interest rates.
Source: EIA | Between 2020 and 2024, total crude oil and lease condensate production...
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