Selling continued on Wall Street to start Friday, with sentiment taking a hit from lofty equities valuations and the ongoing government shutdown. But two of the three main indexes finished in positive territory as media reports refreshed hope that the funding standoff could end sooner rather than later.
The October jobs report was slated to be released today, but due to the government shutdown, the data are delayed for a second month in a row. Based on the private data we've seen, Comerica Chief Economist Bill Adams believes "employment likely fell in October as weak private hiring failed to offset a drop in federal employment as workers who took buyout packages early this year fell off of payrolls."
