
Stocks closed lower Monday, with the main benchmarks coming off a five-week winning streak. Investors may be taking a cautious stance ahead of this week's onslaught of jobs data, which hits just ahead of the next Fed meeting – set to kick off Tuesday, December 12 (the same day the November Consumer Price Index is due).
The jobs data starts rolling in Tuesday with the release of the Job Opening and Labor Turnover Survey (JOLTS) reading. However, all eyes are on Friday's nonfarm payrolls report, especially after October's data showed a sharp slowdown in job growth.