Seesaw day for Wall Street - New York Report

US STOCKS had a mixed session yesterday, attempting to put a steady start to the fourth quarter, as investors weighed soft manufacturing data and looked ahead to today’s jobs report.

The Dow Jones industrial average fell 12.69 points, or 0.08 per cent, to 16,272.01, the S&P 500 gained 3.79 points, or 0.2 per cent, to 1,923.82 and the Nasdaq Composite added 6.92 points, or 0.15 per cent, to 4,627.08.

Shares of Twitter fell 8.4 per cent , after a report that co-founder and interim chief executive Jack Dorsey was expected to be named permanent CEO. Dunkin Brands fell 12.2 per cent after it gave a weak full-year forecast and said it would shut 100 stores.

Many investors were holding fire ahead of today’s crucial US non-farm payrolls data and the third-quarter earnings season. “We’re going to get a number investors can sink their teeth into tomorrow and next week kicks off earnings season which is vitally important to the direction of stocks for the rest of the year,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

Related articles