On the eve of Friday's non-farm payroll report, Wall Street traders avoided making large-scale bets. Meanwhile, rising oil prices raised concerns about inflation and boosted bond yields. Clark Bellin of Bellwether Wealth said: “Given the rapid rise in the stock market over the past week, Friday's employment report is even more important to the market. At the end of the day, the data needs to be neither too hot nor too cold for the market to keep rising.”

On the eve of Friday's non-farm payroll report, Wall Street traders avoided making large-scale bets. Meanwhile, rising oil prices raised concerns about inflation and boosted bond yields. Clark Bellin of Bellwether Wealth said: “Given the rapid rise in the stock market over the past week, Friday's employment report is even more important to the market. At the end of the day, the data needs to be neither too hot nor too cold for the market to keep rising.”