Topics

Britain

Stocks barely budge ahead of monthly jobs report

Stocks barely budge ahead of monthly jobs report

U.S. stocks wavered Thursday and finished barely higher as an interest rate cut by the Bank of England, a move intended to shore up the British economy, wasn't enough to get investors out of their recent cautious mode.

Technology companies continued to make the biggest gains, as they've done over the last few months. Oil prices rose for the second day in a row, something that hadn't happened in almost three weeks. Bank stocks fell the most, as the interest rate cut suggests they won't be able to make as much money on lending.

Quincy Krosby, market strategist at Prudential Financial, said investors were playing it safe as they waited for the...

82°