USA unemployment rate falls to 3.7 pct in September

Markets Right Now Stocks fall as bond yields rise further

A two-day unloading of U.S. Treasuries pushed their yields to multiyear peaks on Thursday as robust economic data and hawkish speeches by Federal Reserve officials stoked concerns about inflation, hitting Wall Street and stock markets globally. This time it wasn't only the rate-sensitive two-year yields that marched higher.

The worldwide surge started in the USA on Wednesday after private-sector payrolls beat estimates, fueling speculation that the Federal Reserve would raise interest rates more quickly than expected.

In a moderated discussion, Powell expressed confidence in the economy and said rising interest rates are a "long way" from holding back growth. Until last month, the Fed had described its policies as "accommodative", or encouraging faster growth, since the Great Recession.

The Dow Jones Industrial Average fell 178.8 points, or 0.67 per cent, to 26,448.68, the S&P 500 lost 16.04 points, or 0.55 per cent, to 2,885.57 and the Nasdaq Composite dropped 91.06 points, or 1.16 per cent, to 7,788.45. The dollar index fell 0.1 percent The euro was up 0.02 percent to $1.1515.

Technology and internet companies and smaller, more US -focused companies continued to suffer steep losses.

Technology stocks fell 0.46 percent, with Intel and Apple both down about 1 percent.

Brent crude futures fell 64 cents to $85.65 a barrel, a 0.7 percent loss, by 11:44 a.m. EDT (1544 GMT), having risen to a late 2014 high of $86.74 on Wednesday.

The Aussie, extending losses into a fourth straight session, has now fallen 2.1 percent this month.

Packers rule out WR Cobb; Adams to practice Saturday
Cobb said earlier in the week his hamstring had been "feeling better". "When you get in games, it's a different situation". It was the most receiving yards Adams had in a game aside from his 156-yard outing against Tennessee on November 13, 2016.

Apple ‘software lock’ prevents repairs on iMac Pro, 2018 MacBook Pros
The software lock will engage in different circumstances for the 2018 MacBook Pro and the iMac Pro though. The problem isn't just about Apple wanting users to go to it, rather than to a third party, though.

Japan likely to skip naval event after South Korea protests over flag
Navy ships from 15 nations are scheduled to gather on South Korea's Jeju Island next week - for an worldwide fleet review. The flag also serves to identify the nationality of Japanese naval vessels under worldwide maritime law, he said.

The Russell 2000 small-cap index was down 1.45% to conclude at 1,647.

The extended bull run in USA equities is now flowing over into yields for the US government debt space as the benchmark 10-year Treasury note yield reached a seven-year high, reaching past the 3.2% mark before settling to its current level of 3.189 as of 12:30 p.m. ET.

The U.S. Treasury selloff on Wednesday was the biggest story in the financial markets. "We haven't seen anything like it since the (2016 presidential) election". Banks and industrial and energy companies, which have struggled for most of 2018, changed place and finished with strong gains.

The pan-European FTSEurofirst 300 index .FTEU3 lost 1.02 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 1.00 percent.

Bank of America Merrill Lynch in a report explained that pre-committing United States dollars 8 billion a month for it over and above the USD 25-30 billion lost in interventions since April will push the overall forex reserves below the critical eight-month import cover mark. Software platform Telaria Inc (NYSE:TLRA) was a top decliner after reporting lower-than-expected preliminary third-quarter results and slashing its full-year guidance.

Tesla stock fell 7.1 percent to $261.95 to end a particularly wild week for the electric auto maker.

Tesla slumped 7.05 per cent after CEO Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the US Securities and Exchange Commission on Twitter. His criticisms of the SEC don't appear to be company news, but they may have anxious investors who hoped his feed would be a little more boring from now on.

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