I think this is in the perfect range for the current equities environment. Not low enough to cause concern and not high enough to spook hopes for further fed easing. Powell speaks at 2, before that, probably very bullish, and after, we'll see. A Dovish tone will likely erase the weeks losses.
Of concern, a net loss of 2k MFG jobs but with indications of slowing growth, if not contraction in that arena