Jobs report shows 130,000 non-farm payrolls, unemployment rate at 4.3% (better than expected 4.4%), private payrolls at 172,000, manufacturing up 5,000 jobs, labor force participation rising to 62.5% with unemployment falling - indicating strong labor market.

Wages up 0.4% monthly and 3.7% annually, stronger than expected, putting higher rates in the picture.

The 10-year yield is now higher, percentages of a Fed rate cut pushed back, which is hitting stocks or putting questions in stocks as lower interest rates not showing up as early as thought based on weak data from last week.

Friday's CPI data is crucial - looking for second look at inflation after first one was slightly stronger than consensus, with expectations of 0.3% month-over-month and 2.5% year-over-year for headline, and core also 0.3% and 2.5%.