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Stock Rally Stalls as Anxiety Brews in Jobs Run-Up: Markets Wrap

(Bloomberg) -- Stocks lost steam near all-time highs, with Wall Street traders gearing up for key jobs data that will help determine whether the Federal Reserve will cut or hold interest rates in December.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsEquities dropped a

Schwab’s Jones Worries Credit Markets Are Priced for Complacency

(Bloomberg) -- High-grade US corporate bond spreads hover near their tightest levels in more than 25 years and may grind even lower next year. Charles Schwab Corp.’s Kathy Jones sees cause for concern.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams “There is a sense now