Wall Street swung between gains and losses overnight as investors awaited a key US jobs report for clues on a potential interest rate increase, while also monitoring the ongoing negotiations between Greece and its international creditors ahead of a debt payment.
"The focus is on Friday's big employment number, and there's a lot of indecision," Matt Maley, an equity strategist at Miller Tabak & Co in Newton, Massachusetts, told Bloomberg. "If the situation in Greece deteriorates, it leaves a lot of downside potential for the US stock market."
In late trading in New York, the Dow Jones Industrial Average slipped 0.08 percent, the Standard & Poor's 500 Index weakened 0.05 percent, while the Nasdaq Composite Index inched 0.1 percent lower.
New orders for US factory goods unexpectedly declined in April, down 0.4 percent following a 2.2 percent increase in March. Also, orders for durable goods, products meant to last at least three years, declined 1 percent in April.
Recent reports casting doubt on the US economy's recovery from a contraction in the first quarter have pushed back the timing of a Fed rate hike.