Market Overview - The three major U.S. stock indices closed mixed, with the Dow Jones down 0.65% at 47,147.48 points, the S&P 500 down 0.05% at 6,734.11 points, and the Nasdaq up 0.13% at 22,900.59 points [4] - For the week, the Dow Jones rose 0.34%, the S&P 500 rose 0.08%, while the Nasdaq fell 0.45% [6] Employment and Economic Data - The U.S. Labor Department postponed the release of the September employment report to November 21, which will include inflation-adjusted wage data [6] - Initial jobless claims decreased slightly from 228,900 to 227,500, indicating a stable labor market, which may support the Federal Reserve in maintaining interest rates [6] - Kansas City Fed President Esther George indicated that further rate cuts could exacerbate inflation risks rather than effectively support the labor market [6] Corporate Layoffs - Verizon Communications is planning to announce a layoff affecting approximately 15,000 to 20,000 employees, marking the largest layoff in the company's history [8] - This layoff is part of a corporate transformation strategy under new CEO Daniel Schulman, potentially reducing the workforce by up to 20% from around 100,000 employees as of February [8] Oil Price Movements - Oil prices increased due to geopolitical tensions, including an attack on a key Russian oil port by Ukraine and the seizure of a tanker by Iran [14] - WTI crude oil for December delivery rose 2.39% to $60.09 per barrel, while January Brent crude increased 2.19% to $64.39 per barrel [14] Technology Sector Performance - Major tech stocks showed mixed performance, with Nvidia and Microsoft both rising over 1%, while Amazon and Google fell by more than 1% [10] - Google is willing to adjust its ad tech policies to comply with EU antitrust requirements but has refused to sell parts of its ad tech business, citing potential disruptions for publishers and advertisers [11] Chinese Stocks Performance - The Nasdaq Golden Dragon China Index fell by 1.61%, with notable declines in stocks such as Futu Holdings down over 7% and JD Group down over 4% [16]