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Stock market news today: Stocks jump as jobs growth cools more than expected

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The October jobs report showed a bigger slowdown in hiring than forecast, reinforcing hopes for an end to Fed hiking.

The US economy added 150,000 jobs in October, undershooting the 180,000 reading expected, with auto industry strikes a factor, the Bureau of Labor Statistics said. The unemployment rate ticked higher to 3.9%.

beat estimates in its quarterly report after the bell, the iPhone maker was cautious in its outlook for growth, saying it expects sales of iPads, Macs and wearables to "decelerate significantly."The monthly labor report from the Bureau of Labor Statistics showed 150,000 nonfarm payrolls were added to the labor market in October, compared with the consensus estimate of 180,000 from economists surveyed by Bloomberg. It marks a fall in growth from the 334,000 reading in September.

CALGARY — Enbridge Inc. says its most recent quarter delivered a profit of $500 million as it announced the acquisition of three U.S. gas utilities. The Calgary-based pipeline giant says its second-quarter profit compared with $1.3 billion a year earlier. Enbridge's third-quarter profit amounted to 26 cents per share for the quarter ended September 30 compared with 63 cents per share in the same quarter a year earlier.

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