The S&P 500 Index ($SPX) (SPY) Friday closed up by +0.90%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.81%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +1.22%. Stocks rallied Friday as a stronger-than-expected US Sep payroll report bolstered the outlook for a soft landing. However, gains in stock indexes were limited as the strong payroll report pushed the 10-year T-note yield to a 1-3/4 month high and reduced the chances of a -50 bp Fed rate cut at the November 6-7 FOMC meeting to 0% from 35% on Thursday. The prospect of escalating conflict in the Middle East has dam…