US stocks sank over the week on rising bond yields. The S&P 500 dropped 1.0% and the Dow edged down slightly for the week. Abroad, Europe fell 1.8% and Japan declined 1.4% for the week. The 10-year Treasury reached its highest level since May of 2011 finishing the week at 3.23%.
The September jobs report was mixed with the number of new hires, 134,000, falling well short of the 180,000 expected. However, the unemployment rate fell to 3.7% from 3.9% for the lowest level since 1969. July and August were revised higher by 87,000 new hires. Article
US manufacturing activity slowed in September.
US auto sales fell roughly 6% in September from a year ago.
The US services sector activity hit a record in September and private payrolls rose more than expected.