U.S. Stock Futures Are Lower This Morning

United Asset Strategies |

U.S. stock futures are lower. The U.S. Economy added 263k jobs in September which beat estimates of 250k. The jobs report also showed the unemployment rate decreased from 3.5% (vs. 3.7% in August). U.S. equities are moving lower and Yields are rising as enduring strength in employment is increasing market expectations for further Fed rate hikes. Global markets are trending lower and the Dollar is rising. Next week will kick off earnings season and CPI data for September will be released on Thursday morning.