Wall Street indices closed mixed on Thursday, August 4, as losses in the energy sector offset gains in the technology stocks. Concerns over the global outlook have dragged down the oil prices to their lowest level since before the start of the Russia-Ukraine war in February.
The S&P 500 fell 0.08 per cent to 4,151.94. The Dow Jones was down 0.26 per cent to 32,726.82. The NASDAQ Composite added 0.41 per cent to 12,720.58, and the small-cap Russell 2000 fell 0.13 per cent to 1,906.46.
The investors are now eagerly waiting for job data that is expected to release by the Labor Department on August 5. The report would provide insights on how Federal Reserve may react in the coming months in an effort to bring down inflation by cooling labor demand.