Bank stocks led gains while semiconductor shares declined, creating a mixed trading session on Wall Street.
The S&P 500 slipped 0.2% at the close, as investors held cautious positions ahead of the upcoming jobs report.
Financial shares outperformed, with major bank stocks rallying on optimism around interest rate trends and lending prospects.
In contrast, chip stocks pulled back after a recent run-up, weighing on the broader technology sector.
Trading volumes were moderate, reflecting uncertainty as market participants awaited fresh labor market data.
The jobs report, scheduled for release later this week, is expected to provide clues on the Federal Reserve’s next policy move.
Investors are balancing hopes for a soft landing with concerns that persistent inflation could delay rate cuts.
Energy stocks also edged higher, supported by a rebound in oil prices during the session.
The mixed results underscored a market in transition, with sector rotations playing a key role in daily movements.
