Wall Street retrenches in the runup to Friday's jobs report

NEW YORK (AP) — Wall Street is drifting lower on Thursday, as the countdown ticks toward Friday’s highly anticipated jobs report.

The S&P 500 was down 0.5% in late trading. After sprinting through May and rallying within a couple good days’ worth of gains of its all-time high, the index at the center of many 401(k) accounts has lost momentum as financial markets wait for the next big trigger to move, up or down.

The Dow Jones Industrial Average was down 84 points, or 0.2%...