Stocks off to a mixed start; S&P 500 headed for weekly gain

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A currency trader watches monitors astatine the overseas speech dealing country of the KEB Hana Bank office successful Seoul, South Korea, Friday, Oct. 22, 2021. Asian shares were mixed Friday aft a late-in-the-day question of buying pushed the S&P 500 to a caller grounds high. (AP Photo/Ahn Young-joon)

Stocks are disconnected to a mixed commencement connected Wall Street Friday. The S&P 500, which notched a grounds precocious a time earlier, is inactive connected way for its 3rd play summation successful a row. The benchmark scale was small changed successful the aboriginal going, portion the Dow Jones Industrial Average was up 0.2% and the Nasdaq was down 0.3%. Intel sank aft reporting gross that fell abbreviated of analysts’ forecasts, and Snap fell sharply aft saying its advertisement income are being wounded by a privateness crackdown connected Apple’s iPhones earlier this year. American Express roseate aft posting beardown results.

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

Shares were mostly higher successful Europe connected Friday aft a mixed league successful Asia.

Benchmarks roseate successful Paris, London, Tokyo and Hong Kong. Shares fell successful Shanghai and Seoul.

An authoritative newspaper, the Securities Times, and different authorities media said China Evergrande Group made an overdue enslaved outgo connected Friday.

Evergrande wired $83.5 cardinal to relationship for a enslaved outgo that was owed Sept. 23, the reports said. The company’s Hong Kong-traded shares gained 4.3%.

The spot developer's conflict to trim its 2 trillion yuan ($310 billion) of indebtedness to comply with tighter authoritative curbs connected borrowing has prompted fears a default mightiness trigger a fiscal crisis.

The quality of the outgo followed Evergrande's announcement a time earlier that it was moving into difficulties selling assets to alleviate its liquidity situation and that a program to merchantability its spot services limb had fallen through.

Germany's DAX gained 0.4% to 15,535.16. In Paris, the CAC 40 jumped 1.1% to 6,759.46, portion Britain's FTSE 100 added 0.4% to 7,220.57. The aboriginal for the S&P 500 was astir unchanged portion the aboriginal for the Dow industrials gained little than 0.1%.

On Thursday, the S&P 500 roseate 0.3% to 4,549.78, its seventh consecutive gain. That eclipsed the grounds precocious it acceptable connected Sept. 2. It is connected gait for its 3rd consecutive play gain.

The Dow slipped little than 0.1%, to 35,603.08. It is conscionable beneath its all-time precocious acceptable connected Aug. 16. The Nasdaq gained 0.6% to 15,215.70, portion the Russell 2000 roseate 0.3%, to 2,296.18.

In Asian trading connected Friday, the Hang Seng successful Hong Kong climbed 0.4% to 26,126.93 and the Shanghai Composite scale mislaid 0.3% to 3,582.60.

Tokyo's Nikkei 225 added 0.3% to 28,804.85, portion the Kospi successful Seoul mislaid little than 0.1% to 3,006.16. Australia's S&P/ASX 200 was level astatine 7,415.50.

Investors continued to ticker however planetary proviso concatenation problems and rising prices are affecting firm earnings. Many companies person warned specified trends volition wounded their operations. Wall Street is trying to gauge conscionable however overmuch it volition sting firm nett maturation and margins.

The output connected the 10-year Treasury was dependable astatine 1.69%.

In different trading connected Friday, U.S. benchmark crude lipid roseate 30 cents to $82.80 per tube successful physics trading connected the New York Mercantile Exchange. It gave up 92 cents to $82.50 per tube connected Thursday.

Brent crude, utilized arsenic a modular for planetary pricing, picked up 30 cents to $84.91 per barrel.

The U.S. dollar slipped to 113.98 Japanese yen from 113.99 yen precocious Thursday. The euro precocious to $1.1639 from $1.1624.

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