Bonds & Stocks
Stocks declined as a jump in oil prices and renewed concerns about the outlook for the artificial-intelligence trade pushed investors toward the safety of bonds. The S&P 500 fell 0.8%. The yield on 10-year Treasuries declined seven basis points to 5.05%.
Economy
US initial jobless claims fell to a level of 194,000 in the employment survey week ended Oct. 17 from an upwardly revised 200,000 level in the previous week, compared with expectations for a level of 200,000 in survey of analysts compiled by Bloomberg.
World
The US ordered the departure of some diplomats and their families from Saudi Arabia due to the threat from Houthi militants, after the Iran backed group carried out deadly strikes from Yemen.