Visit our new Alternative Investment section.Click here

Less Ads, More Data, More Tools Register for FREE

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)

*****

FOR LIVE MARKET POSTS PRIOR TO 0930 EDT, PLEASE CLICK HERE:

Related News

PRESS: Brookfield's Castlelake mulls potential bid for EasyJet
8 hours ago

PRESS: Brookfield's Castlelake mulls potential bid for EasyJet

(Alliance News) - easyJet PLC may receive a takeover approach from Brookfield Asset Management Inc's Castelake, the Financial Times reported late Frid...

BP's ousted chairman Manifold clashed with director over deal talks, WSJ reports
20 hours ago

BP's ousted chairman Manifold clashed with director over deal talks, WSJ reports

May 29 (Reuters) - BP's recently ​ousted ⁠chairman Albert Manifold clashed ​with fellow director Simon Henry earlier this year over ​the ‌handling of ...

US close: Wall Street hits fresh records as tech leads monthly gains
20 hours ago

US close: Wall Street hits fresh records as tech leads monthly gains

(Sharecast News) - Major indices closed at fresh record highs on Friday, capping a strong month for equities as technology shares continued to lead th...