Market Insider

Street counts down to big jobs Friday

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U.S. stocks could tread water again Thursday as investors await Friday morning's key employment report.

"You have to respect that the market is technically overbought and you had an incredible rally," said Quincy Krosby, market strategist at Prudential Financial. "The catalyst for it is the market's going to be paying very close attention to Friday's number."

Stocks gave up opening gains in morning trade Wednesday as energy halted a five-day win streak and Fed Chair Janet Yellen reiterated the possibility of raising rates in December, given supportive data.