Recent announcements of large layoffs at a few prominent companies have raised concerns that the labor market could be weakening further, and today's new weekly ADP employment report confirms that fear.

The FTSE 100 leads the way higher in early trade, coming off the back of a concerning jobs report that makes a December rate cut from the Bank of England increasingly likely.

A dismal return on invested capital, low and declining operating margins, and high debt levels raise concerns about Morgan Stanley.

Stocks rebounded sharply, but whether the correction is truly over depends on yields and the dollar, which are still sending mixed signals.