- Stocks rose as traders weighed mixed job data and awaited next week's inflation data for more clues on when the Federal Reserve might be able to slow its rate hike pace.

- The S&P 500 has ended a four-day decline. The dollar has dropped to its lowest level since March 2020. Two-year US yields have reversed course and fallen.

- Fed Fund Futures are pricing a 50-basis-point increase in December, but rates are expected to peak around 5.1% next year. Officials raised rates by 75 basis points this week for the fourth time in a row, bringing their benchmark to a target range of 3.75% to 4%.

- This year, the S&P 500 has already seen five monthly moves of more than 7%, either up or down. Beyond the tumult of the 2008 global financial crisis, more swings of this magnitude in a single year can be found in 1933, during the Great Depression.

- The latest US inflation reading is expected on Thursday, after the core consumer price index rose more than expected to a 40-year high in September. Even if prices begin to fall, the CPI remains well above the Fed's comfort level.