U.S. stocks traded lower Thursday, but holding much of the week’s gains, after service sector reports and ahead of Friday’s jobs data.
The ISM non-manufacturing survey for February came in at 53.4. The figure was expected at 53, down from 53.5 in January.
January factory orders rose 1.6 percent.
The 2-year Treasury yield edged lower to 0.84 percent. The 10-year yield held steady at 1.85 percent.
The U.S. dollar index extended losses, with the euro at $1.093.
The final February Markit services PMI was 49.7, down from January’s final 53.2 print
Oil held lower in choppy trade but remained above $34 a barrel as of 9:53 a.m.
Earnings: Kroger, Royal Ahold, Barnes and Noble, Joy Global, Broadcom, Embraer, Ciena, Trina Solar, Cooper Cos.
10:30 a.m.: Natural gas inventories
10:45 a.m.: Dallas Fed President Rob Kaplan speaks
Earnings: Staples, WPP Group
8:30 a.m. Employment report; international trade
1 p.m.: Oil rig count