News Summary

Airline stocks moved up after upbeat jobless report. Shares of US Airways LCC fell about 0.43%, while Southwest Airlines LUV lost about 0.04%. The NYSE Arca Airline Index (XAL) rose about 0.32%. Treasurys dropped to push the yields up, after the Labor Department reported better-than-expected data on US weekly jobless claims. Yields on benchmark 10-year Treasurys rose about 1.85%. Sal Guatieri, senior economist at BMO Capital Markets said, "The report flags a modest improvement in September private-sector payrolls." The central bank of South Africa has reduced the repurchase rate by 50 basis points to 6%. South African Reserve Bank said, "The assessment of the Monetary Policy Committee is that the improved inflation outlook creates sufficient room for monetary policy to provide additional stimulus to the somewhat fragile recovery of the domestic economy which remains vulnerable to the uncertain global environment.” Read more from Benzinga's Markets.