US stocks open modestly higher, continuing upward trend

Stocks are opening higher again connected Wall Street, continuing an upward inclination that has pushed the S&P 500 to 5 consecutive play gains. The benchmark scale was up 0.2% successful the aboriginal going. The Dow Jones Industrial Average was up 0.4% and the Nasdaq added 0.3%. Small-company stocks outpaced the remainder of the market. Tesla sank 4% aft CEO Elon Musk said helium would merchantability 10% of his holdings successful the institution based connected the results of a canvass helium conducted connected Twitter implicit the weekend. This week investors volition get reports connected ostentation and net from Disney. Overseas markets were mixed.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier communicative follows below.

Global banal markets and Wall Street futures declined Monday aft stronger U.S. hiring and a double-digit emergence successful Chinese exports.

London and Frankfurt opened lower. Tokyo, Hong Kong and Sydney declined portion Shanghai advanced.

U.S. employers hired much radical than expected successful October, according to authorities information released connected Friday.

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China’s October exports roseate 27.1% implicit a twelvemonth earlier, though that eased disconnected the erstwhile month’s 28.1% growth, customs information showed Sunday.

Despite that gain, Chinese anti-virus controls mightiness dampen mill and user activity, “still bringing astir an uncertain betterment picture,” Yeap Jun Rong of IG said successful a report.

In aboriginal trading, the FTSE 100 successful London was disconnected little than 0.1% astatine 7,303.60. The DAX successful Frankfurt mislaid little than 0.1% to 16,051.14. The CAC 40 successful Paris gained 0.1% to 7,047.62.

On Wall Street, futures for the benchmark S&P 500 scale and Dow Jones Industrial Average were down little than 0.1%.

On Friday, the S&P 500 roseate 0.4% to a grounds aft the authorities reported companies hired 531,000 radical successful October, much than the statement forecast of 450,000.

The Dow gained 0.6%, besides to a caller high. The Nasdaq composite added 0.2%.

In Asia, Tokyo's Nikkei 225 fell 0.4% to 29,507.05 portion the Shanghai Composite Index gained 0.2% to 2,498.63. The Hang Seng successful Hong Kong mislaid 0.4% to 34,763.77.

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The Kospi successful Seoul retreated 0.3% to 2,960.20 and Sydney's S&P-ASX 200 mislaid little than 0.1% to 7,452.20.

India's Sensex roseate 0.9% to 60,588.11. New Zealand retreated portion Southeast Asia markets rose.

This week, the U.S. authorities is owed to study inflation. Investors are disquieted that the Federal Reserve and different cardinal banks mightiness consciousness unit to chill rising prices by pulling backmost stimulus that is boosting banal prices.

Also Monday, China's ruling Communist Party opened a enactment gathering amid signs President Xi Jinping is laying the groundwork to prosecute a 3rd word arsenic enactment person adjacent year.

Investors besides anticipation for imaginable updates connected argumentation toward exertion and different industries aft information information and anti-monopoly crackdowns connected Chinese tech giants that began precocious past twelvemonth wiped much than $1 trillion disconnected their full banal marketplace values.

In vigor markets, benchmark U.S. crude lipid roseate 77 cents to $82.04 per tube successful physics trading connected the New York Mercantile Exchange. The declaration gained $2.46 to $81.27 connected Friday. Brent crude, the terms ground for planetary oils, gained 74 cents to $83.48 per tube successful London. The erstwhile session, it added $2.20 to $82.74.

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The dollar gained to 113.50 yen from Friday's 113.40 yen. The euro precocious to $1.1572 from $1.1550.

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