Stocks Drop in Volatile October as Markets Eye Fed, Jobs Data, and Apple Earnings

U.S. stocks have been volatile in October amid rising Treasury yields and economic uncertainty. The S&P 500 is down over 10% from July highs.

Markets are bracing for a pivotal week with a Fed meeting, jobs data, and Apple earnings that could set the course for rest of 2022.

Bond yields have surged on worries about higher interest rates and rising fiscal deficits. Further increases could pressure stocks.

Strong economic data like Friday's jobs report could reinforce the case for more Fed hikes if it points to persistent inflation.

Some see potential for a stock rebound in Q4 based on historical trends and oversold conditions, but much depends on bond yields and economic data.