NY Fed manufacturing index falls unexpectedly in October

The New York Fed's factory gauge deteriorated from a reading of -2.0 in September to for -6.8 October.

Economists had been expecting a reading of 1.0.

A gauge of new orders improved from -7.5 to -5.6 while another that tracks prices paid by firms rose from 17.0 to 22.6.

In parallel, a sub-index linked to employment levels jumped from -14.3 to -4.7, alongside an increase in the sub-index tracking the length of the average employee workweek edging higher from -11.6 to -10.4.