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.