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US stocks were little changed on Thursday, hovering near record highs, with investors awaiting an update on the labor market amid growing hopes for interest rate cuts.
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The S&P 500 and Nasdaq Composite closed at record highs on Wednesday, ignited by a Big Tech surge. The rally came amid tentative optimism for interest rate cuts on signs of slowing labor demand and a cooling economy.

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US stocks flipped between negative and positive territory on Tuesday, finishing narrowly in the green as investors shifted their rate-cut expectations after more weaker-than-expected economic data.
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US stocks closed mixed on Monday to kick off a volatile first trading day of June.
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Stocks stumbled to end an otherwise positive month of May as investors appeared to press pause on AI enthusiasm and the prospect of the Federal Reserve holding interest rates higher for longer remained top of mind.
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US stocks wrapped the last trading day of the month on a high note, notching the sixth positive month in the last seven for all three major indexes.
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