Stocks lower ahead of Friday jobs report
U.S. stocks fell Thursday as investors' recent enthusiasm for stocks cools a tad ahead of the key U.S. jobs report Friday and after a big rally that has recouped the bulk of the 2016 losses.
In afternoon trading, the Dow Jones industrial average was down about 30 points, or 0.2%. Since the 2016 market low on Feb. 11, the blue chip stock gauge has rallied more than 1,200 points, or more than 7%, trimming its year-to-date loss to 3%. The Dow has also climbed out of correction territory, defined as a 10% drop from a high, as it is now down 7.7% from its May 2015 peak.
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