Economic indicators

The U.S. services sector expanded at a slower pace in October as the non-manufacturing index slid to 60.3 from 61.6 in September.

The value of new factory orders rose 0.7% in September, above the 0.5% increase expected by analysts in an MNI survey.

New York City purchasing managers reported that employment reached another record high level in October.

The U.S. trade deficit widened more than forecast in September as imports expanded and the merchandise gap with China hit a record.

U.S. hiring rebounded by more than forecast in October, annual wage gains topped 3% for the first time since 2009 and the jobless rate held at a 48-year low

The the Institute for Supply Management said its factory index dropped to 57.7 in October from 59.8 in prior month.

Construction spending was flat in September, below the 0.1% gain expected.

Initial claims U.S. state unemployment benefits fell by 2,000 to 214,000 in the Oct. 27 week, slightly below expectations for a 215,000 level .

The main measure of nonfarm business employee output per hour increased at a 2.2% annualized rate in the July-September period.

Employers announced plans to cut 75,644 jobs in October, according to a report released Thursday from Challenger, Gray & Christmas.

The Chicago Business Barometer declined to 58.4 in October from 60.4 in September.

Compensation costs for civilian workers increased 0.8%, seasonally adjusted, for the three-month period ending in September.

Private-sector employment was estimated to have risen 227,000 in October, ADP reported.

Texas service sector activity continued to expand in September, according the Federal Reserve Bank of Dallas

The consumer confidence index rose to 137.9 in October from a revised 135.3 in September.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 5.8% annual gain in August, down from 6.0% in July.

Three of four economic measures improved in September from August.

Texas factory activity continued to expand in October, although at a slower pace than the previous month.

Purchases, which account for about 70% of the economy, rose 0.4% from the prior month, matching economists' estimates.

The University of Michigan's final October consumer sentiment index reading was 98.6, compared to the preliminary October 99.0.