Stocks Edge Lower Before Job Report

The S&P 500 is poised for a potential breakout as the market holds its breath before April’s non-farm payroll report.

Futures are down slightly this morning after closing at yet another record high yesterday. European markets are little-changed, while Asian indexes were mixed overnight.

Economists expect that the Labor Department will announce that 155,000 jobs were added last month, up from 88,000 in March. Perhaps even more important is the private-sector segment of the report–excluding the public sector–forecast to show growth of 166,000.  The numbers will be released at 8:30 a.m. ET.

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