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REFILE-LIVE MARKETS-Jobs report helps stocks hit record highs early

Fri, 05th Nov 2021 14:25

(Refiles to add letter in headline)

* U.S. stocks higher, hit record highs at open

* Real estate leads S&P sector gains; healthcare sold
decliner

* STOXX 600 hits 5th straight daily record high

* Gold, dollar, bitcoin, oil up; U.S. 10-yr Treasury yield
~1.49%

Nov 5 - Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at markets.research@thomsonreuters.com

JOBS REPORT HELPS STOCKS HIT RECORD HIGHS EARLY (1005
EDT/1405 GMT)

The three major U.S. stock indexes are higher and hit record
highs at the opening on Friday following a report showing U.S.
employment increased more than expected in October.

Gains are broad-based with all S&P 500 sectors
gaining aside from healthcare. Industrials,
up 1.5% in early trading, are helping to lead the gains along
with real estate.

"There's not a lot to complain about in the employment
report," said Paul Nolte, portfolio manager at Kingsview
Investment Management in Chicago.

Earnings continue to come in mostly stronger than expected.
Shares of Monster Beverage are up 2.8% and Shake Shack
is up 20% Fri, after both released results late
Thursday.

Here is your opening snapshot:

(Caroline Valetkevitch)

*****

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