The market tried again to climb Thursday, but in the afternoon, stocks fell after ADP reported a three year low of added nonfarm jobs.

Just past 12:30 noon ET the    $S&P 500 Index (.SPX.US)$ traded -0.49%, the       $Dow Jones Industrial Average (.DJI.US)$ fell 0.90%, and the    $Nasdaq Composite Index (.IXIC.US)$ climbed 0.11%.

Thursday, initial jobless claims figures from the Department of Labor Statistics came in at 227K, below last weeks 230k.

Wednesday, the JOLTS job openings came in lower than expected at 7.6M vs 8M. It is the lowest hiring data for open positions since 2021.

Tuesday, the S&P PMI and ISM PMI index numbers came out lower than estimated, with ISM at 47.2 vs 47.5 and S&P at 47.9 vs 48, compared to last month's 46.8 and 49.6, respectively.

Investors await  nonfarm payrolls and the Bureau of Labor Statistics Unemployment rate on Friday. The market is watching for labor softness that could hurt stock prices but help the chances of an FOMC rate cut during the committee's upcoming September 17-18 meeting.

Interested in Options? To see these stocks and more on the options page, click here.  Want to learn more about options, check out moomoo education with this link. Click here to join our exclusive options chat with personal callouts from our resident expert, Invest with Sarge.

Yesterday, users were screaming and yelling about the election: things are heating up. When not arguing about which candidate is worse, users watched Oil demand and tech companies like fan favorite $NVIDIA (NVDA.US)$.

Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!

Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post for more information.