[BRIEFING.COM] The major averages have trimmed their gains slightly. The S&P 500 is now up 0.2%.
Investors will receive the Employment Situation Report for November tomorrow, which the Briefing.com consensus estimate expects will show the addition of 190,000 nonfarm payrolls, a 0.3% increase in average hourly earnings, and an unemployment rate of 4.1%.
Particular emphasis will be placed on the average hourly earnings figure as wages are positively correlated with inflation. A higher-than-expected reading could prompt rate-hike concerns among investors, who have enjoyed the benefits of steady growth amid low inflation for some time.
On the earnings front, American Outdoor Brands (AOBC 14.97, +0.73), Cloudera (CLDR 15.94, +0.21), Finisar (FNSR 17.98, +0.50), and DavidsTea (DTEA 4.05, 0.00) will all report their quarterly results following today's closing bell.