U.S. stocks drifted lower as financial markets locked in their final moves before a highly anticipated update coming Friday about the U.S. job market.
The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong.
Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years.
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy.
On Monday, Brown-Forman Corporation and The Coca-Cola Company announced the debut of the beverage and plan to launch the canned drink in Mexico this year, and eventually will be available in markets around the world.