(Bloomberg) — Stocks, bonds and the dollar fluctuated in narrow ranges as traders looked ahead to the monthly US jobs report to help decide the path for interest rates.

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S&P 500 futures were little changed, with the index on track for a 0.7% weekly advance. Treasury 10-year yields held at 4.43%. In Europe, stocks were on course for the longest run of weekly gains since last March.

The US jobs report is expected to show 175,000 new roles added last month after advances in excess of 200,000 in the prior two months — which partly reflected recovery from two severe hurricanes — according to the median estimate in a Bloomberg survey.

Wall Street will be closely watching a revision to job growth for the 12 months through the previous March. Economists the markdown to show a labor market that’s gradually cooling.

“The stock market, needing a boost after a decent but lukewarm earnings season, could potentially rise if the job market shows signs of cooling,” said Florian Ielpo, head of macro research at Lombard Odier Investment Managers. An uptick in hiring might reignite concerns about inflation, he added.

In individual stock moves, Amazon.com Inc. fell in extended trading on a weaker-than-expected outlook.

The tech giant warned investors that it could face capacity constraints in its cloud computing division despite plans to invest some $100 billion this year, with most of the money going toward data centers, homegrown chips and other equipment to provide artificial intelligence services.

Expedia Group Inc. shares jumped almost 10% in premarket trading after the online travel agency reported fourth-quarter results that beat expectations.

In other markets news, US Treasury Secretary Scott Bessent said that he favors a strong dollar and has no plans to alter the government’s debt-issuance plans. During the election campaign, President Donald Trump expressed concern about the strength of the dollar, given that it makes US products more expensive overseas.

“The strong-dollar policy is completely intact with President Trump,” Bessent said in an interview with Bloomberg. “We want the dollar to be strong. What we don’t want is other countries to weaken their currencies, to manipulate their trade.”

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