US stocks likely to drift as investors await Fed

New York - Wall Street investors may find little reason to make big moves this week as they await monthly US jobs data and any news that could change expectations for the first interest rate hike in almost a decade.

The labour department report is due on Friday, when the stock market will be closed for Good Friday, leaving investors unable to trade on the data until the following week.

In the meantime, investors will continue adjusting to lowered earnings forecasts for the first quarter and the uncertain direction of the dollar.