Stocks Dip Ahead of Jobs Report, Treasury Yields Ease After Spike, Tensions Rise in Europe

U.S. stocks dipped slightly Thursday ahead of September jobs report. Europe's Stoxx 600 rose.

10-year Treasury yield hit 16-year high of 4.8% Tuesday, since dropped 8 basis points but still elevated. Bad for corporate financing, mortgages, currencies.

Jobless claims rose slightly to 207,000 last week. Still low, so jobs market may not be loosening as Fed wants.

Tensions between Serbia and Kosovo heightened recently. Analysts worried about potential for armed conflict in Europe amid Ukraine war.

Bond king Bill Gross still seeing some opportunities in markets despite low appetite for bonds and stocks after September slump.