Greyhound bus lines halted all service nationwide after an attack on a driver led to a crash, but transport officials soon ruled out terrorism -- the news added to early anxiety.
But data proved more stock-friendly. Non-manufacturing NAPM gained in September, off-setting a 1.37 plunge in the Chicago Fed's less followed national activity index. The December bond set fresh contract highs of 107-11, but only hung on to a 5/32 gain to 106-23 in the end. The two-year note and 30-year bond yield gap widened to +263 basis points before sliding to +256 basis points by the close.
Cisco's CEO Chambers later expressed "comfort" with Q1 estimates and stocks jumped 2-6%. President Bush launched a $60-75 billion stimulus package, but not at expense of higher yields. The dollar shot up amid talk of a military strike launch that also kept trade lively.