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Kiplinger
Kiplinger
Business
David Dittman

Stock Market Today: Stocks Pause Near Highs Ahead of Jobs Friday

A stock trading graphic going up and down.

Stocks were lower at the close but hovered around all-time highs ahead of Jobs Friday, as investors remain confident the Federal Reserve will cut interest rates at a measured pace amid still-solid economic growth. Bitcoin reflected a broader "risk on" mood, breaking the $100,000 barrier in anticipation of a friendlier U.S. regulatory environment.

The world's No. 1 cryptocurrency – which trades 24 hours a day, seven days a week – was changing hands at $99,206 as of 4 pm Eastern time on Thursday after reaching as high as $103,587 during the previous 24 hours.

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