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Wholesale inflation and jobless data set the stage for a Fed rate cut next week.

(Bloomberg) -- Stocks struggled to gain traction after a $1.3 trillion rally, with the latest economic data failing to boost market momentum.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025The S&P 500 fluctuated after a three-

Kroger shares surged Thursday after posting better-than-expected adjusted second-quarter profit, as the retailer's CFO said it is seeing "positive customer trends" that should positively impact sales into the second half of the year.

Recent market history shows the Federal Reserve typically only starts interest cuts with 50 basis point reductions when the economy is significantly weakening.

Boeing's U.S. West Coast factory workers started voting on Thursday on a much-criticized new contract and a possible strike, piling pressure on the company as it wrestles with chronic production delays and mounting debt. A potential strike starting on Friday would be a big early blow to Boeing's newly appointed CEO Kelly Ortberg, who was brought on last month to restore faith in the planemaker after a door panel blew off a near-new 737 MAX jet in mid-air in January. "A shorter strike (along the lines of the situation at Spirit Aero last summer where union leadership accepted the company's offer and membership rejected it) would probably be manageable for the company and the rating," said Ben Tsocanos, aerospace director, S&P Global Ratings.