Slowing job growth weighs on Wall Street as focus turns to stimulus

Wall St. jumps on surprise gain in Disney quarterly earnings stimulus hopes

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Meanwhile, talks in Washington on a new emergency spending plan and expanded unemployment payments continued to drag on with Democratic leaders and President Donald Trump's economic team still far apart.

With Wednesday's strong rally, the S&P 500 closed less than 2% from its closing record on February 19.

Shares of WeChat-owner Tencent Holdings Ltd fell as much as 10% in Asia trade, while New York-listed Tencent Music Entertainment Group, which was spun off from Tencent in 2018, fell 5.7% in USA premarket trading.

A trader wearing a face covering works on the trading floor of the New York Stock Exchange in New York, the United States, on May 26, 2020.

Liverpool and Leicester to battle for Olympiakos left-back
The Reds do not have any natural cover for the Scotsman with James Milner largely the man tasked with filling that void. The one thing that appears certain is that Tsimikas will be joining Liverpool.


Aug 7 (Reuters) - The S&P 500 was set to pull back from near six-month highs on Friday as data showed a sharp slowdown in USA employment growth and President Donald Trump cranked up friction with Beijing with moves to ban WeChat and TikTok.

Along the same line, value names, which have been unable to close the performance gap with growth stocks in recent years, advanced, with financials gaining more than 2 per cent. The gains were enough to stretch the Dow and S&P's winning streaks to six days.

Citing statistics, as investors were awaiting updates regarding second round of pandemic stimulus bill, the trade-sensitive Dow surged 1.39 per cent to 27,201.52 and S&P 500 gained 0.64 per cent to 3,327.77, while the tech-heavy Nasdaq Composite was nudged 0.52 per cent higher to 10,998.40. Each of the three major averages posted weekly gains.

The S&P 500 is up 120.50 points, or 3.7%. At a time when everyone is talking about how big and how important these megacaps are to the S&P, kind of quietly you are starting to see a little bit of a leadership rotation.

Major concern about COVID cases in Midlands
However, retail shops can remain open with the wearing of face masks, and childcare and schools that are open can remain open. Some 98 news cases were reported on Friday, with the total number of deaths attributed to COVID-19 now totalling 1,772.


Meanwhile, Trump late yesterday unveiled sweeping bans on USA transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok. In response, China said the companies complied with USA laws and warned Washington would have to "bear the consequences" of its action.

Shares of WeChat-owner Tencent Holdings Ltd fell as much as 10% in Asia trade, while social media giant Facebook was little changed in US premarket trading.

Microsoft, which is seeking to buy TikTok's USA operations, also dropped 1.79 per cent. US-listed Chinese stocks such as Baidu, Alibaba Group and JD.com also declined.

Advancing issues almost matched decliners on the NYSE and outnumbered decliners 1.27-to-1 on the Nasdaq.

Marée noire dans l’Océan Indien, la France envoie des renforts
Le secrétariat général à la Mer a validé le 7 août au soir l'engagement de la France et le déploiement de ce dispositif. Jeudi, les autorités mauriciennes ont annoncé que des hydrocarbures s'écoulaient de la coque fissurée du vraquier.


About 9.69 billion shares changed hands in US exchanges, compared with the 10.39 billion daily average over the last 20 sessions.

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