US STOCKS-Wall St flat before April jobs report; retailers slip

jueves 5 de mayo de 2016 17:17 GYT
 

* Weekly jobless claims rise more than expected

* Yelp climbs after the bell

* Indexes: Dow up 0.1 pct, S&P down 0.02 pct, Nasdaq down 0.2 pct (Updates close with Yelp shares up, Tableau Software down after the bell, Kraft up in regular session)

By Caroline Valetkevitch

May 5 (Reuters) - U.S. stocks gave up early gains to end flat on Thursday as consumer discretionary shares fell and investors showed caution ahead of the April jobs report.

L Brands, which fell 12 percent to $70.53 after posting lower-than-expected monthly comparable sales, led declines in discretionary shares along with Amazon, down 1.8 percent at $659.09. The S&P retail index was down 1.5 percent while the S&P consumer discretionary index fell 0.6 percent.

Data on Thursday showed the number of Americans filing for unemployment benefits rose more than expected last week, posting the biggest jump in more than a year.

Investors anxiously awaiting Friday's U.S. jobs data for April will comb through the report for any signs of how the labor market could influence the pace of rate hikes.

"Weekly jobless claims came in a bit higher than expected, and when you combine them with the ADP report from yesterday, that raises the possibility the national employment report tomorrow could be a bit on the softer side," said Michael Sheldon, chief investment officer at Northstar Wealth Partners in West Hartford, Connecticut.   Continuación...