Posted 10/5/2023, 6:18:00 AM
Stocks Mixed as Job Growth Slows While Oil Prices Plunge
- Futures tick lower on Thursday after Dow snaps 3-day losing streak; Clorox slides on weak earnings guidance
- ADP reports private job growth totaled just 89K in Sept, below expectations, signaling labor market is loosening
- Stocks rise Wednesday, aided by retreat in Treasury yields; Nasdaq outperforms with 1.35% gain
- Student loan payments resume; borrowers say they'll cut spending on clothing, restaurants, travel
- Oil prices suffer worst drop in over a year amid broad sell-off in energy sector; WTI crude falls 5.6%