Updated

U.S. employers added 165,000 jobs in October and unemployment dipped to 4.1%, a better-than-expected report. August and September were revised up by a combined 84,000 jobs. Inflation is still eroding spending power. Separately, AI stocks climbed after trillions were wiped from market values, as investors feared a Democratic win meant more AI regulation. Opposition to data centers featured in winning Democratic campaigns in Texas, Ohio and Georgia, foreshadowing tougher rules.