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NEW YORK (AP) — A rising dollar and caution ahead of the government’s monthly employment report kept investors from making big moves in the stock market for a third straight day.
Stocks stayed in a tight range Thursday as traders remain wary ahead of Friday’s report on December employment. Analysts are expecting that the unemployment rate rose. The government reported a slight rise in weekly claims for unemployment benefits Thursday, though the increase was less than expected. The Labor Department said initial claims rose by 1,000 last week.
Stuart Schweitzer, global markets strategist at J.P. Morgan’s Private Bank in New York, said markets are in a holding pattern a
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