Mid-day: US gauges on pace for losing week, job openings high
By Joseph Toppe
17:11, 12 November 2021

US shares are moving higher mid-day on Friday, despite a weak job openings report and the major indices sinking lower for the week.
By intraday, the Dow Jones Industrial Average was up around 150 points, or 0.4%, while the S&P 500 was up about 0.6% and the Nasdaq Composite was trading stock 0.8% higher.
For the week, the major gauges are closing in on a losing week for the first time in over a month. Currently, the Dow is down about 0.6%, the S&P 500 is 0.4% lower, and the Nasdaq Composite is off around 0.8%.
Job openings stay at record levels
A record 10 million Americans were out of work in September as the US economy struggles to rebound from the Covid-19 pandemic.
The latest data compiled by the US Bureau of Labor Statistics shows there were 10.4 million open jobs on the last business day in September.
What is your sentiment on RIVN?
Winners and losers
Shares of Johnson & Johnson are up 1.4% after the company announced it was splitting into separate publicly traded companies.
In the EV-auto sector, shares of Rivian Automotive are up 5.05% to give the start-up a market capitalisation around $111bn.
Shares of Tesla are down 3.46% as traders weigh in on Elon Musk’s sale of $5bn in stock earlier this week.
Shares of Lordstown Motors sank 10% Friday after the company reported a loss for the third quarter.
In assets, bond markets re-open, oil drops
The bond market reopened after a break for Veterans Day. The yield on benchmark 10-year Treasury notes rose to 1.564%, from 1.558% Wednesday.
In the energy sector, West Texas Intermediate crude for December delivery sank 60 cents, or 0.7% to $80.99 a barrel on the New York Mercantile Exchange, leaving the US benchmark on track for a 0.3% weekly fall.
January Brent crude, the global benchmark, was 51 cents lower, or 0.6% at $82.36 a barrel on ICE Futures Europe, headed for a 0.5% weekly decline.
Global markets: Mixed bag
The Stoxx Europe 600 was up 0.1%, while in Asia, Japan’s Nikkei 225 rose 1.1%, Hong Kong’s Hang Seng 0.3% and the Shanghai Composite added 0.2%. Canada's TSX Composite is up 0.66% mid-day Friday.
Read more: Record high US job openings continue in September
Markets in this article