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Nasdaq Posting Slim Gain, Dow And S&P 500 Remain Modestly Lower

(RTTNews) - After showing a lack of direction early in the session, stocks continue to turn in a lackluster performance in early afternoon trading on Friday. While the Nasdaq has edged slightly higher after seeing initial weakness, the Dow and the S&P 500 remain modestly lower.

Currently, the major averages continue to turn in a mixed performance. The Nasdaq is up 20.40 points or 0.1 percent at 15,351.57, but the Dow is down 96.82 points or 0.3 percent at 35,347.00 and the S&P 500 is down 4.23 points or 0.1 percent at 4,532.72.

The choppy trading on Wall Street comes as traders react to the Labor Department's closely watched monthly employment report, which showed much weaker than expected job growth in the month of August.

The report suggests the delta variant of the coronavirus is weighing on the labor market, although the data could also lead the Federal Reserve to push back its plans to begin scaling back stimulus.

Fed officials have indicated inflation has reached their target but they need to see further improvement in the labor market before they begin tapering asset purchases and raising interest rates.
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