How major US stock indexes fared Thursday, 10/05/2023

Wall Street drifted slightly lower as pressure from the bond market remains high due to worries about a too-hot U.S. job market. The S&P 500 slipped 0.1% Thursday. The Dow edged down 9 points and the Nasdaq composite fell 0.1%. Stocks have struggled since the summer as Treasury yields have soared. Yields wavered up and down Thursday after a report showed fewer workers applied for unemployment benefits last week than economists expected, which could be a signal of upward pressure on inflation. A more impactful and comprehensive report on the job market is coming on Friday.