US equity indices fell, S&P 500 down 0.2% to 7,352.17, Dow down 0.3% to 49,776.51, Nasdaq flat at 25,989.31.
Oil prices retreated, Brent at $100.38 (-0.9%) and WTI at $94.59 (-0.5%) as Iran continues reviewing the US peace proposal.
US job cuts rose 38% month‑on‑month to 83,387 in April and initial claims edged to 200k ahead of the payrolls report.
Earnings season boosted sentiment with projected S&P 500 earnings growth of 24.6% in Q1, driven by AI gains from Microsoft, Alphabet, Meta, AMD and Arm.