$SPY Stocks rose on the September jobs report, with all S&P 500 sectors except healthcare higher $QQQ NASDQ closed near its record high. The 10-year Treasury yield ended near its highest level since 2002 after an early drop reversed. Oil fell about 1.5% as the G7 will release up to 100 million barrels of emergency oil and diesel stocks $NKENike fell more than 3% on weak guidance. Economic Data Nonfarm payrolls rose 29,000 in September versus 90,000 expected, with prior two months revised down a combined 60,000. Unemployment edged up to 4.2% from 4.1% on higher labor force participation; wage growth slowed to 3.0%. The softer data reduces pressure on the Fed to hike in October. Edge Report Year End Outlook The S&P 500 is up 13% year to date and sits just 1.5% below its all-time high small-caps fell 5% in September. Third-quarter earnings season begins with the major banks in mid-October. Corporate profits are on track to grow roughly 30% this year
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