S&P 500   4,576.85 (+0.05%)
DOW   35,680.49 (-0.21%)
QQQ   381.54 (+0.64%)
AAPL   148.97 (-0.23%)
MSFT   323.96 (+4.47%)
FB   314.93 (-0.28%)
GOOGL   2,895.17 (+3.91%)
TSLA   1,069.21 (+4.99%)
AMZN   3,390.52 (+0.43%)
NVDA   250.19 (+1.22%)
BABA   170.56 (+0.34%)
NIO   40.26 (-0.52%)
CGC   13.06 (-0.84%)
GE   104.58 (-2.66%)
AMD   125.48 (+2.07%)
MU   67.90 (-1.51%)
T   25.22 (-0.59%)
F   15.71 (-1.44%)
ACB   6.96 (-1.00%)
DIS   169.79 (-1.31%)
PFE   42.74 (-1.88%)
BA   207.32 (-1.19%)
AMC   35.69 (-1.00%)
S&P 500   4,576.85 (+0.05%)
DOW   35,680.49 (-0.21%)
QQQ   381.54 (+0.64%)
AAPL   148.97 (-0.23%)
MSFT   323.96 (+4.47%)
FB   314.93 (-0.28%)
GOOGL   2,895.17 (+3.91%)
TSLA   1,069.21 (+4.99%)
AMZN   3,390.52 (+0.43%)
NVDA   250.19 (+1.22%)
BABA   170.56 (+0.34%)
NIO   40.26 (-0.52%)
CGC   13.06 (-0.84%)
GE   104.58 (-2.66%)
AMD   125.48 (+2.07%)
MU   67.90 (-1.51%)
T   25.22 (-0.59%)
F   15.71 (-1.44%)
ACB   6.96 (-1.00%)
DIS   169.79 (-1.31%)
PFE   42.74 (-1.88%)
BA   207.32 (-1.19%)
AMC   35.69 (-1.00%)
S&P 500   4,576.85 (+0.05%)
DOW   35,680.49 (-0.21%)
QQQ   381.54 (+0.64%)
AAPL   148.97 (-0.23%)
MSFT   323.96 (+4.47%)
FB   314.93 (-0.28%)
GOOGL   2,895.17 (+3.91%)
TSLA   1,069.21 (+4.99%)
AMZN   3,390.52 (+0.43%)
NVDA   250.19 (+1.22%)
BABA   170.56 (+0.34%)
NIO   40.26 (-0.52%)
CGC   13.06 (-0.84%)
GE   104.58 (-2.66%)
AMD   125.48 (+2.07%)
MU   67.90 (-1.51%)
T   25.22 (-0.59%)
F   15.71 (-1.44%)
ACB   6.96 (-1.00%)
DIS   169.79 (-1.31%)
PFE   42.74 (-1.88%)
BA   207.32 (-1.19%)
AMC   35.69 (-1.00%)
S&P 500   4,576.85 (+0.05%)
DOW   35,680.49 (-0.21%)
QQQ   381.54 (+0.64%)
AAPL   148.97 (-0.23%)
MSFT   323.96 (+4.47%)
FB   314.93 (-0.28%)
GOOGL   2,895.17 (+3.91%)
TSLA   1,069.21 (+4.99%)
AMZN   3,390.52 (+0.43%)
NVDA   250.19 (+1.22%)
BABA   170.56 (+0.34%)
NIO   40.26 (-0.52%)
CGC   13.06 (-0.84%)
GE   104.58 (-2.66%)
AMD   125.48 (+2.07%)
MU   67.90 (-1.51%)
T   25.22 (-0.59%)
F   15.71 (-1.44%)
ACB   6.96 (-1.00%)
DIS   169.79 (-1.31%)
PFE   42.74 (-1.88%)
BA   207.32 (-1.19%)
AMC   35.69 (-1.00%)

Global shares mixed on energy worries, weak US jobs data

Monday, October 11, 2021 | Yuri Kageyama, AP Business Writer


People walk by an electronic stock board of a securities firm in Tokyo, Monday, Oct. 11, 2021. Asian shares were mostly higher on Monday despite persisting worries about the region’s energy crunch and coronavirus infections. (AP Photo/Koji Sasahara)

TOKYO (AP) — Global shares were mixed on Monday amid persisting worries about energy shortages and weaker than expected jobs growth in the U.S.

Shares fell in Paris, Frankfurt and Sydney but rose in Tokyo and London. Shanghai was flat.

Surging demand has collided with supply and shipping constraints, among other factors, pushing energy prices sharply higher and causing power outages in China and some other major economies.

France’s CAC lost nearly 0.3% in early trading to 6,541.64, while Germany’s DAX shed 0.3% to 15,166.39. Britain’s FTSE 100 edged up 0.1% to 7,105.14. The future for the Dow industrials fell 0.3% to 34,522.00. The future contract for the S&P 500 was down 0.4% at 4,364.75.

The release of weaker than expected U.S. employment figures pulled share prices on Wall Street lower Friday. The jobs report showed employers added just 194,000 jobs last month, well short of the 479,000 that economists had anticipated.

The unemployment rate ticked down to 4.8% from 5.1%, and the government revised past months’ hiring numbers higher. But last month’s hiring was still the weakest since December 2020. Average wages also rose a bit faster from August than expected, which helps workers but adds to worries about inflation.

This week, attention on Wall Street turns to inflation numbers due out on Wednesday, and upcoming corporate earnings.

In Asian trading on Monday, Tokyo’s benchmark Nikkei 225 jumped 1.6% to finish at 28,498.20 after Japan’s new prime minister, Fumio Kishida, backed away from comments suggesting he favored raising taxes on capital gains and dividends. The possibility of such an increase had spooked investors after he took office on Oct. 4.

Australia's S&P/ASX 200 dipped 0.3% to 7,299.80. Hong Kong's Hang Seng surged 2.0% to 25,325.09, while the Shanghai Composite was little changed, inching down less than 0.1% to 3,591.71. South Korean markets were closed for a national holiday.

Revving up the world's third largest economy remains an important mission for Kishida, but he is widely seen as the choice of the old guard of the ruling Liberal Democratic Party, which has dominated politics since World War II. Some critics say change is needed if the nation hopes to remain competitive, especially when the pandemic has created new kinds of problems, ranging from shifts in work styles to supply shortages.

The rally in Japan could be short-lived. Like Europe, Asia is seeing fuel shortages that could hinder recoveries from the pandemic.

“The energy crisis also continues, with India and China both flagging blackouts that will hit supply chains from another angle, and China seeing massive flooding in the coal-producing region it is relying on to keep the lights running,” RaboResearch said in a market commentary.

U.S. benchmark crude jumped $1.99 to $81.34 a barrel in electronic trading on the New York Mercantile Exchange. It rose $1.05 to $79.35 on Friday. Brent crude, the international standard, gained $1.67 to $84.06 a barrel.

The U.S. dollar rose to 112.88 Japanese yen from 112.21 yen. The euro cost $1.1574, up from $1.1571.


7 Growth Stocks to Buy as the Market Slumps

At times of volatility, it can be hard for even experienced investors to stay the course. Yet over time, stocks have consistently increased in value. And growth stocks tend to be among the ones that show the largest gains. Growth stocks are companies that analysts believe will grow at a rate that is significantly above the market average.

These stocks are also characterized by companies that invest a significant portion of its profits back into its business in order to accelerate growth. This is opposed to value stocks that make returning a portion of its profits to shareholders a priority. This typically occurs in the form of a dividend. One misconception of growth stocks is that they have a high correlation with the market. It’s true that when the market is moving higher, these stocks tend to outperform. However, when the market is moving lower, these stocks sometimes perform better.

So why should you consider buying growth stocks now? The reason is this. In many cases, the company’s underlying fundamentals are still positive, but the sentiment has changed. And that means it’s a good time to buy these stocks on sale.

View the "7 Growth Stocks to Buy as the Market Slumps".


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