Wall Street pulls back from records ahead of U.S. jobs data

The S&P 500 and Dow fell Thursday from record highs, while Treasury yields and the dollar rose as investors awaited U.S. July employment data. The pullback paused an earnings-driven rally. Friday's non-farm payrolls report is a major focus, though Fed policymakers view the labor market as broadly stable, with attention more on inflation than employment. The yen gave back nearly half its post-intervention gains, oil rose, and U.S. workers' share of national income slid to a new low.