Stocks little changed heading into key jobs report 12/5/24

Stocks are about flat today, as investors await key U.S. employment data tomorrow. The three major averages all saw solid gains in yesterday’s session, posting record closes. Tomorrow’s labor report could influence the Fed’s rate decision at its policy meeting later this month. Fed Chair Jerome Powell said today the economy is strong enough for the Fed to move carefully on rate cuts. We’ll tell you all that you need to know.