New York Report: Investors wait for jobs figure

THE S&P ended nearly flat last night as investors paused ahead of today’s jobs report, though gains in internet shares helped lift the Nasdaq.

The Dow Jones eased back into negative territory for the year, a day after closing at its first record high of 2014.

The April jobs report, which is expected to show US employment rose at its fastest clip in five months, could further confirm that economic momentum is back on track after a dismal winter.

Facebook, up 2.3 per cent, and other internet shares were among the day’s best performers, helped by strong results from Yelp, whose shares gained 9.8 per cent to $64.02.

The Dow Jones industrial average fell 21.97 points or 0.13 per cent, to 16,558.87, last night.

The S&P 500 lost 0.27 points or 0.01 per cent, to 1,883.68 and the Nasdaq Composite added 12.896 points or 0.31 per cent, to 4,127.451.