Stocks closed lower again on Wall Street but still managed to hold on to sizable gains for the week.
The S&P 500 fell 1 percent Thursday. The Dow Jones Industrial Average lost a bit more than 1 percent and the Nasdaq gave back 0.7 percent. Bond yields moved higher.
Investors were reviewing the latest data on jobs. More Americans filed for unemployment benefits last week, but the labor market remains strong in the face of persistent inflation and a slowing overall U.S. economy. Traders will be watching closely on Friday when the government releases its monthly survey on the job market.
On Thursday:…