Market Brief – Monday 10/4/21

Stocks fell in overnight trading and were sliding in early trading. Treasury yields rose in overnight trading and sellers pushed them further higher in early trading.

Factory orders rose +1.2% in August, beating expectations and +15.9% from this time last year. Excluding transportation, factory orders rose +0.5%, and excluding defense, factory orders rose +2.4% in August.

Stocks closed lower on the day as Facebook led the move lower due to its unexpected outage. Treasury yields finished the day slightly higher.