U.S. job losses accelerate to 263,000 in September

Date: Friday, October 2, 2009

U.S. job losses accelerate to 263,000 in September

The nation's job losses accelerated in September, driving the
unemployment rate to a 26-year high of 9.8% and casting a cloud over
the incipient recovery economic data shows.

TREASURYS JUMP AFTER JOB LOSSES WORSE THEN SEEN

Treasury prices jump, pushing 10-year yields to the lowest since
mid-May, after the Labor Department says the economy lost 263,000 jobs
in September, much more than economists expected.

ROSIER STOCK INVESTORS SPLIT ON RISK OF CORRECTION

Institutional investors, increasingly optimistic that the U.S. stock market
will avoid a retreat to its March lows, are roughly split about the chance it
could undergo a smaller correction by year-end, a new survey shows.

U.S. STOCKS, BONDS BACK ON SAME PAGE ON ECONOMY

After a lengthy disconnect, the U.S. stock market may now be back on
the same page as the bond market, which for the past month and a half
has been signaling a gloomier view on the economy.

FRIDAY'S BIGGEST ADVANCING AND DECLINING STOCKS

Shares of AIG, Dynegy, CIT and the New York Times Co. are among those
companies making notable moves in Friday's stock market.