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Midday Market Update

Mixed Market News Ahead of Friday’s Jobs Report

U.S. Markets
U.S. stocks opened Thursday’s trading session with mixed results as the Nasdaq Composite was the only major benchmark to trade in the green after the opening bell.

The uptrend in U.S. equities was stalled by poor performance seen across the retail sector with major retailers such as  Kohl's (KSS) and Macy's (M) reporting weak holiday sales. Overall, domestic stocks are still on pace for record levels, which brings as much upside as downside according to analysts. A pullback could be seen as investors start to exit their long positions and reap profits, consequently initiating a correction in the equity market.