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USA stocks climbed Friday morning after three days of losses.

Data released Friday showed U.S. non-farm payrolls rose by 142,000 in September, considerably lower than the 203,000 jobs the markets had expected.

The debt ceiling. On Thursday, Treasury Secretary Jacob Lew warned that the US would exhaust its ability to borrow on November 5 unless Congress increases the debt ceiling. Emerging economies such as Brazil and Turkey are struggling to grow at all.

United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

The jobless rate held steady at 5.1 percent but average hourly wages fell by a cent from August.

The jobless rate, which is derived from a separate survey of households, was unchanged only because 350,000 workers stopped looking for work last month and were no longer counted as part of the labour force.

The Dow Jones Industrial Average dropped as much as 259 points in early trade, but recovered somewhat to trade 62 points, or 0.4, higher at 16,335, with losses in financials including (http://www.marketwatch.com/story/ugly-jobs-report-is-punishing-financial-stocks-2015-10-02)J.P....

The newest report came just two weeks after the Fed decided that the economy’s advance was still too fragile to risk lifting interest rates from their near-zero level, even as it hinted that it might go ahead by December.

The best performing sector in 3Q was utilities, which was the only one of 10 S&P 500 sectors to close the quarter in positive territory.

The Federal Reserve decided not to lift its key interest rate about two weeks ago, but New York Fed President William Dudley says a rate hike will likely come before 2016.

Essentially central bankers face a dilemma – either lean more on politicians to do more to boost growth or embark on a new round of experimentation.

The weak September jobs report and downward revisions to the prior two months raised fresh fears about the health of the USA economy, which appears to have weakened amid a slowing global economy and recent market turbulence.

Analysts at Commerzbank said: “As we had anticipated, the US Federal Reserve chose not to raise interest rates yet yesterday”.

Hitting risk sentiment, Glencore shares fell to a record low at the start of the week on concerns over the company’s ability to withstand a prolonged decline in prices of metals.