S&P Flat After Record High

The S&P 500 was little changed on Thursday, taking a pause a day after the S&P 500 notched a fresh record close, while traders awaited a key U.S. economic report.

The Dow Jones Industrials retained gains of 40.6 points to 38,847.93.

The much-broader index slipped 4.05 points to 5,349.98.

The NASDAQ stepped back 32.62 points to 17,155.29.

Stocks are coming off a winning session. The S&P 500 jumped 1.2% Wednesday to close at a record, while the NASDAQ also hit an all-time high.

Lululemon jumped 3% as the sportswear manufacturer beat expectations in its fiscal first quarter. Five Below sank 11% on lackluster results and guidance. Chipmaker Nvidia traded marginally lower and cooled from record highs seen earlier in the week.

Wall Street is looking ahead to Friday’s nonfarm payrolls report for May, with investors on the hunt for signs of a weakening labor market, which could support rate cuts from the Federal Reserve. Economists polled by Dow Jones expect a jobs gain of 190,000.

Prices for the 10-year Treasury slid a bit, raising yields to 4.30% from Wednesday’s 4.29%. Treasury prices and yields move in opposite directions.

Oil prices soared $1.46 to $75.53 U.S. a barrel.

Gold prices hiked $20.80 to $2,396.30