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Stock Market Today: Apple outlook tests Wall Street rally with jobs data in focus

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looks set to snuff out the strongest Wall Street rally of the year heading into a key reading of October job growth from the Labor Department.

Apple topped Street forecasts for both its top and bottom lines, but notched its fourth consecutive quarterly revenue decline and hinted at holiday quarter sales growth that would largely flat to last year's levels.

Related: Apple earnings top forecasts, but sales fall for 4th straight quarter on Mac, China weakness Benchmark 10-year Treasuries were little-changed at 4.672% in overnight dealing, while 2-year notes bumped 2 basis points higher to 5.004%, head of today's October employment report, which is expected to show the economy added a solid, but slowing, 180,000 new jobs with wages easing to around 4.3% on an annual basis.

Brent crude contracts for January delivery, the global pricing benchmark, were last seen trading 1 cent lower on the session at $88.65 per barrel while WTI contracts for December, which are tightly-linked to gasoline prices, were marked 16 cents higher at $82.62 per barrel.

 

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