Wall Street steadied itself after Alphabet and other technology stocks rose.

Another rout hit Wall Street after an update on the U.S. job market came in weak enough to add to worries about the economy.

Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields pulled stocks lower, dampening enthusiasm driven by the Federal Reserve's promise of low interest rates. (AP Photo/Eugene Hoshiko)BEIJING – Asian stock markets followed Wall Street lower on Friday after rising U.S. bond yields dampened buying enthusiasm driven by the Federal Reserve's promise of low interest rates. Overnight, Wall Street's benchmark S&P 500 index closed down 1.5%, putting it on track for its first weekly loss in three weeks. The S&P 500 fell to 3,915.46. Bank stocks did well because investors bet higher interest rates would translate into higher profits.

Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of fears of flaring outbreaks of coronavirus. (AP Photo/Eugene Hoshiko)BEIJING – Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of fears of flaring outbreaks of coronavirus. Investors are also looking ahead to the release of data on the Chinese economy next week. Coronavirus infections are rising in Europe, prompting governments in France and Britain to impose new measures to contain the outbreak. Stocks have been mostly climbing this month, but have pulled back this week as ongoing talks between Democrats and Republicans on an economic stimulus package have foundered.

Journalists film an electronic stock board showing reopened Japan's Nikkei 225 index at Tokyo Stock Exchange in Tokyo Friday, Oct. 2, 2020. (AP Photo/Eugene Hoshiko)TOKYO – Asian shares were mixed Friday in thin holiday trading, with markets in South Korea, Shanghai and Hong Kong closed. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued their talks on Thursday, but no breakthrough arrived before stock trading ended on Wall Street. United Airline's stock gained 1.2%, and American Airlines shares rose 2.4%, but only after a turbulent day of ups and downs. In other trading, U.S. benchmark crude lost 43 cents to $38.29 per barrel in electronic trading on the New York Mercantile Exchange.