Evening Market Recap - Monday, 7-Oct

US equities were lower in Monday trading, ending just off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 94bps, 96bps, and 89bps respectively. A risk-off day across the board as both stocks and Treasuries sold off. Not many new updates to the broader narrative, but a lot of focus on recent backup in yields amid hawkish Fed repricing after last week's blowout September jobs report. Kashkari today said he has confidence in inflation moving back to targeted rate, though the balance of risks shifting more toward higher unemployment.