Stock Market Today – 6/2: Stocks Higher With Jobs Data In Focus; Oil Slides On Saudi Output Bets

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The Street

By Martin Baccardax A steep decline in global oil prices, as well as a softer U.S. dollar, has stocks trading modestly higher Thursday ahead of key jobs data prior to the start of trading. U.S. equity futures nudged higher Thursday, boosted by an overnight slide in oil prices and a modestly softer U.S. dollar, as investors braced for a series of job market readings that could add to growing concerns that inflation will continue to blunt growth prospects in the world’s largest economy. An otherwise solid reading for manufacturing activity in May, based on closely-watched ISM data, was marred by…

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