One Hundred Sixty-Five Thousand Reasons: Hot U.S. Jobs, Canada Sheds Jobs, and the Chips Bounce
U.S. employers added 165,000 jobs in October, nearly triple the forecast, lifting December Fed hike odds to about 78 percent, while Canada lost jobs for a third straight month, the unemployment rate hit 6.7 percent, and the loonie posted its worst day since January. Chips bounced back from Thursday's rout as the Nasdaq rose 1.09 percent to cap the worst week since June, Brent crude settled at 98 dollars after a weekly drop of more than 16 percent, and earnings sent Airbnb up 11.67 percent while DraftKings plunged 21.30 percent on the cost of its predictions bet, ahead of Berkshire Hathaway's…
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