Wall Street heads for losing week as stocks open lower | Fortune

"Stocks are off to a lower start on Wall Street and on track for their first weekly loss in the last four. The S&P 500 fell 0.5% in the early going Friday. The Dow Jones Industrial Average fell 174 points, or 0.4%, and the Nasdaq composite fell 0.8%. Markets are reacting to the latest quarterly reports from U.S. companies. Payments company Block, which operates the Square and Cash App businesses, sank after turning in results that fell short of forecasts. Exercise equipment maker Peloton jumped after its results beat estimates. Treasury yields moved higher in the bond market."

"BANGKOK (AP) - Shares were mostly lower in Europe following a retreat Friday in Asia after losses for influential technology stocks pulled Wall Street benchmarks lower. U.S. futures edged higher and oil prices advanced. Germany's DAX edged 0.1% lower and the CAC 40 in Paris was little changed at 7,965.31. Britain's FTSE 100 lost 0.4% to 9,696.82. The future for the S&P 500 was up 0.3% and that for the Dow Jones Industrial Average rose 0.2%."

"In Asian trading, Japan's Nikkei 225 index fell 1.2% to 50,276.37. China reported that its exports contracted 1.1% in October, as shipments to the United States dropped by 25% from a year earlier. But economists expect Chinese exports to recover after U.S. President Donald Trump and Chinese leader Xi Jinping agreed last week to de-escalate the trade war between the two largest economies. Hong Kong's Hang Seng index fell 0.9% to 26,241.83, while the Shanghai Composite index slipped 0.3% to 3,997.56."

U.S. markets opened lower with the S&P 500 down 0.5%, the Dow off 174 points (0.4%) and the Nasdaq falling 0.8% as investors digested quarterly corporate reports. Block plunged after missing expectations while Peloton jumped after beating estimates. Treasury yields increased amid the trading session. European markets were mostly lower and U.S. futures inched higher. Asian markets retreated, led by a 1.2% drop in Japan's Nikkei and declines across Hong Kong, Shanghai, South Korea, Taiwan and Australia. China reported a 1.1% export contraction in October with U.S. shipments down 25%, though economists expect exports to recover after a recent trade de-escalation. Technology-stock volatility has been a key driver of market swings.

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