New claims for unemployment benefits fell to 194K last week, the lowest since July, pointing to unusually low layoffs.

Factory output increased 0.3% in September, but manufacturing growth slowed sharply during the 3rd quarter.

Oil prices climbed during the week as worries about the Iran conflict pushed crude prices to their highest level since May.

Purchase mortgage applications fell 7% last week and were 18% lower than a year ago, as rates continued to shackle buyers.

A record 43% of builders reported cutting home prices in October in an effort to attract buyers struggling with affordability, per NAHB.

NAR reports pending home sales plunged 7.3% in September to the lowest level on record, showing a sharp cooling in buyer demand.