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Close Update: Wall Street Ends Mostly Lower Before Payrolls Data as Retailers Slide

Wall Street ended mostly on a downbeat note on Thursday after data gave a mixed view of the US labor market ahead of the key monthly payrolls report and as retail stocks retreated after some firms issued disappointing holiday sales.

The Dow Jones Industrial Average pulled back away from the key 20,000 level and seven of the 11 sectors on the S&P 500 fell. The Nasdaq Composite held onto its gains and just managed to eke out a new record high as tech shares and toymakers including Mattel ( MAT ) and Hasbro ( HAS ) rose.

Macy's ( M ) and Kohl's ( KSS ) led retailers lower after they reported declines in same-store sales for the last few months of 2016 and lowered earnings forecasts for the year. Financials posted the steepest declines among the S&P sectors, retreating 1.1%.

Unemployment claims in the week that ended on Dec. 31 dropped by 28,000 to 235,000, nearing the lowest level in 43 years. Analysts had expected a modest decline to 260,000. ADP said that private companies added 153,000 jobs in December, well below the consensus forecast from Econoday for an increase of 172,000.

Friday's calendar offers the December nonfarm payrolls data as well as the overall unemployment report, hourly earnings and average work week due at 8:30 a.m. ET. The November international trade data is also due at 8:30 a.m. while factory orders data for the month is out at 10 a.m.

Here's where the markets stood by the close:

US MARKETS

Dow Jones Industrial Average was down 42.87 points (-0.21%)

S&P 500 was down 1.75 points (-0.08%)

Nasdaq Composite Index was up 10.93 points (+0.2%)

GLOBAL SENTIMENT

FTSE 100 was up 0.08%

Nikkei 225 was down 0.37%

Hang Seng Index was up 1.46%

Shanghai China Composite Index was up 0.21%

UPSIDE MOVERS

(+) CEB (+21%) To be acquired by Gartner ( IT ) for $2.6 billion

(+) PIRS (+20%) Forges a collaboration with France-based Servier

(+) EGY (+14%) Avouma 2-H well back on production

(+) CTIC (+12%) Full clinical hold on pacritinib has been removed

(+) AMTD (+1.6%) Gets upgrade at to buy at Nomura

DOWNSIDE MOVERS

(-) KSS (-19%) Cuts 2016 earnings forecast, downgraded to neutral at Robert W. Baird

(-) ULH (-9.6%) Downgraded to hold from buy at Stifel Nicolaus, price target cut by $3 to $17

(-) DVAX (-4.6%) Suspends manufacturing for HEPLISAV-B, reduces global workforce by 38%

(-) TRV (-1.8%) Downgraded at Morgan Stanley to underweight from equalweight

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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