LIVE MARKETS-US stocks mixed out of the gate

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US STOCKS MIXED OUT OF THE GATE

The main U.S. stock indexes are mixed early on Thursday, a day after strong jobs growth and a dip in the unemployment rate eased economic concerns.

Traders dialed back bets on interest-rate cuts after the release of labor market data on Wednesday. Interest rate probabilities are now pricing in around 54 basis points of Fed rate cuts through year-end vs about 59 basis points just before Wednesday's data.

Weekly U.S. jobless claims were above the estimate, setting the stage for the next big economic indicator — January's Consumer Price Index inflation report on Friday.

A majority of S&P 500 .SPX sectors are higher with Real Estate .SPLRCR, up about 2%, posting the biggest rise. Tech .SPLRCT and Communication Services .SPLRCL, both off only around 0.4%, are the weakest groups.

Under the surface, software .SPLRCIS and Gold/Silver stocks .XAU are on the weak side.

Among indexes on track for record closing highs are the Dow Industrials .DJI, the Dow Transports .DJT, the S&P 400 Mid-Cap Index .MID, the S&P 600 Small-Cap Index .SPCY, the S&P 500 Equal-Weighted Index .SPXEW, the S&P 500 Value Index .IVX, as well as S&P 500 Industrials .SPLRCI, Materials .SPLRCM, and Staples .SPLRCS.

Here is a snapshot of where markets stood around 9:53 a.m. ET.

(Terence Gabriel)

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