Wall Street stocks were trading mixed Thursday morning as investors reviewed the latest economic and earnings reports.

The S&P 500 fell 2.63 points or 0.06% to 4,152.54 as of 10:15 am Eastern time. The Dow Jones Industrial Average fell 49.01 points or 0.15% to 32,763.49. The Nasdaq rose 12.86 points or 0.10% to 12,684.02.

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Oil prices slipped and weighed on energy stocks. Exxon Mobil fell 1.8%. Industrial companies and retailers made solid gains. Best Buy added 1.9% and Deere rose 1.6%.

The yield on the 10-year Treasury fell to 2.69% from 2.74% late Wednesday.

Despite a meandering week, major indexes ended mostly higher.

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August’s gain follows a stellar July that was the best month for the S&P 500 since late 2020. But markets remain volatile as investors try to anticipate the economy’s direction ahead amid the highest inflation in four decades and efforts from central banks to control higher prices.

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Earnings reports remain in focus on Wall Street as investors look for more clues on how inflation is impacting various industries. Twinkie maker Hostess fell 5% after giving a disappointing profit forecast for the year. Bleach and consumer products maker Clorox fell 4.2% after also announcing a weak earnings forecast.

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Companies have been increasing prices on everything from food to clothing to help recover the impact of inflation on supply chains, but the pressure has become too much for many consumers. An increase in gasoline prices throughout the year worsened inflation and prompted spending cutbacks.

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The Federal Reserve has been aggressively hiking interest rates to try and slow the economy and control inflation, along with other central banks. The Bank of England on Thursday initiated its biggest rate hike in more than a quarter century.

The Fed’s policy has investors worried that the central bank could raise the interest rates too quickly and lead the economy into a recession.

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The latest data released by the Labor Department on Thursday showed the number of Americans applying for jobless benefits last week rose in line with expectations, as the number of unemployed continues to rise modestly.

The latest data comes after updates earlier this week showing that job openings remain at record highs. The Labor Department will release its July jobs report on Friday, which is expected to show some signs of tightening.

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Investors are closely monitoring the latest jobs data to gauge whether any tightening in the employment market might prompt the Fed to eventually ease up on its interest rate hikes, potentially lessening the chance of the central bank bringing on a recession.