Santoli’s Friday market notes: Indexes enter a confusion zone after September jobs disappointment

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, Sept. 20, 2021.
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This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics

  • Hesitant, somewhat lethargic market response to a payrolls miss that nonetheless reflects not economic weakness but a tighter-than-expected labor market with slightly hawkish implications for Fed policy.