US STOCKS-Wall St little changed as jobs data looms

jueves 4 de agosto de 2016 14:51 GYT
 

* Bank of England cuts lending rate to record low

* Monthly U.S. jobs data due on Friday

* Metlife drops on profit miss

* Indexes: Dow off 0.14 pct, S&P off 0.06 pct, Nasdaq up 0.08 pct (Updates to late afternoon, changes byline)

By Chuck Mikolajczak

NEW YORK, Aug 4 (Reuters) - Wall Street held near the unchanged mark on Thursday as investors exercised caution ahead of Friday's U.S. payrolls report.

The key monthly hiring data will help investors gauge the health of the economy and possibly offer insight as to when the Federal Reserve will raise interest rates again.

Wednesday's ADP employment report showed private employers added 9,000 more jobs than anticipated in July. Thursday's initial jobless claims reading showed the number of Americans filing for unemployment benefits unexpectedly rose last week, but still showed a healthy labor market.

"It was a mixed bag of economic results that beat expectations but they were themselves lower, a mixed bag of earnings, so there wasn't that much to move the market in any particular direction today," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.   Continuación...