Stock Market Today: Stocks Swing Lower as March Jobs Report Looms

Stocks spent most of Thursday in positive territory thanks to strong gains in several mega-cap names. However, major indices took a nosedive in the final hour of the session as anxiety rose ahead of tomorrow morning's release of the March nonfarm payrolls report.

Minneapolis Federal Reserve President Neel Kashkari's comments also poured cold water on the market's earlier momentum. In an interview with Pensiones e Inversiones Magazine, the central bank official wondered if it is even necessary to cut Interest rates with the economy as strong as it is. "If we continue to see inflation "If we move laterally, it would make me wonder if we need to make those rate cuts," Kashkari said.