Stock Market Today: Stocks Close Mixed Ahead of July Jobs Report

Two of the three main benchmarks fell Thursday as investors looked ahead to a key update on the labor market.

blue stock chart with moving averages and volume bars
(Image credit: Getty Images)

Stocks spent most of Thursday morning in positive territory as investors cheered the latest inflation data. While the indexes ran out of steam around lunchtime, a mid-afternoon rally brought them off their session lows, and put a cap on what's been a very tough month for the equities market.  

The Bureau of Economic Analysis this morning said its July personal consumption and expenditures (PCE) index, which tracks consumer spending, was up 0.2% month-over-month and 3.3% year-over-year. While the monthly figure matched what was seen in June, the annual increase accelerated from the prior month. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.