Stocks Rebound as Job Growth Slows; Cocoa Trader Testifies in FTX Trial; GOP Leadership Race Heats Up Amid Debt Crisis Worries

Stocks climbed and yields retreated Wednesday, helping the Dow break its losing streak. Asia-Pacific markets also rose.
Private payrolls grew just 89,000 in September, almost half the estimate and sharply lower than August. Wage growth also slowed.
Cocoa trader Marc-Antoine Julliard testified in the FTX fraud trial, setting the tone for the prosecution's narrative.
Jim Jordan and Steve Scalise have emerged as frontrunners to replace Kevin McCarthy as House Speaker.
The U.S. may be headed for a debt crisis due to its growing fiscal deficit, according to Matthew McLennan of First Eagle's Global Value team.