A closer look at the labor market awaits investors as the Federal Reserve's interest rate hikes remain in focus.
The Nasdaq led gains, but the major stock indexes were on track for sharp monthly and quarterly losses on the final trading day of September.
On Thursday, September 28, the U.S. stock markets ended higher, driven by economic data and a pause in rising Treasury yields ahead of a crucial inflation report. U.S. jobless claims edged up by 2,000 to 204,000, beating market expectations of 215,000. The second-quarter U.S. economic growth remained steady at an annualized rate of 2.1%, while the first-quarter expansion was revised to 2.2%. Among the S&P 500 sectors, communication services climbed 1.2%, materials saw a 1% increase, and the rate