Futures turn sharply lower after weak jobs report

|By:, SA News Editor

In the green ahead of the this morning's nonfarm payrolls report, U.S. stock index futures are now lower by more than 1% after job growth missed big in September, and August's weakish number was revised even lower.

Often seen as a proxy for GDP growth, the average workweek declined in September.

Treasury yields continue to tumble, with the 10-year yield now off 11 basis points to 1.93%. Thirty-day Fed Funds futures are making a big move higher, and have now erased any chance of an October hike, and put the chances of a December move at less than 25%.

Previously: Treasurys to the moon after lame jobs report (Oct. 2)

Previously: Big miss for jobs numbers (Oct. 2)

ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, IVV, UPRO, PSQ, SPXU, TQQQ, SPXL, RSP, SPXS, QID, SQQQ, QLD, DOG, DXD, RWL, UDOW, EPS, SDOW, DDM, VFINX, BXUB, QQEW, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, LLSP, UDPIX, OTPIX, RYARX

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