Stocks End Lower Ahead of Jobs Report; Consumer Staples Fall on Demand Concerns

Wall Street's major averages ended marginally lower on Thursday ahead of Friday's jobs report, paring back losses.
Labor market data this week has been mixed, clouding the picture for the Fed's future policy moves.
Cyclical stocks like PepsiCo and Coca-Cola were punished as the market expects consumer staples demand headwinds.
Bond yields retreated for a second day after the recent bruising rout, but recession concerns linger.
Lamb Weston was the top S&P gainer after the frozen potato company beat earnings expectations.