Wall Street holds steady as payrolls set to test rally


NEW YORK (Reuters) - Investors largely took a wait-and-see approach on Thursday as stocks ended little changed ahead of Friday's key employment report, but tech shares rose after strong earnings from chipmaker Qualcomm.

Recent economic data suggesting the economy is on a slow but steady path to recovery has helped fuel a rally in stocks. Friday's nonfarm payrolls report, which is expected to show the improving labor market trend remained intact in January, will be a key test of the rally.

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