World Shares Retreat on Wall St. Drop  11/07 04:50

   Shares were mostly lower in Europe following a retreat Friday in Asia after 
losses for influential technology stocks pulled Wall Street benchmarks lower.

   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.

   South Korea's Kospi shed 1.8% to 3,953.76 and Taiwan's Taiex lost 0.9%.

   In Australia, the S&P/ASX 200 skidded 0.7% to 8,769.70.

   Concerns over technology industries have helped drive markets up and down 
all week.

   On Thursday, the S&P 500 fell 1.1% and the Dow industrials declined 0.8%. 
The Nasdaq composite fell 1.9%.

   The biggest weights on the market included Nvidia, which dropped 3.7%, and 
Microsoft, which fell 2%. Their huge values give them outsized influence over 
the market's direction. Other big stocks dragging down the market included 
Amazon, which slumped 2.9%.

   Elon Musk won a shareholder vote on Thursday that would give the Tesla CEO 
stock worth $1 trillion if he hits certain performance targets over the next 
decade. The company's shares, already up 80% in the past year, fell but then 
rose in after-hours trading, ending at $445.91.

   Corporate earnings and forecasts remained the big focus for Wall Street on 
Thursday. The latest round of results and statements from executives could help 
shed some light on the condition and path ahead for the economy amid a lack of 
broader information on inflation, employment and retail sales because of the 
ongoing government shutdown.

   DoorDash sank 17.5% for one of the sharpest drops on Wall Street. The food 
delivery app warned investors that it will be spending significantly more on 
product development next year.

   CarMax slumped 24.3% after giving investors a disappointing financial update 
and announcing that CEO Bill Nash is stepping down in December.

   Software company Datadog jumped 23.1% after its latest earnings beat 
analysts' forecasts. Rockwell Automation rose 2.7% after turning in results 
that easily beat analysts' forecasts.

   The broader stock market has had a record-setting year, but that has raised 
worries that stocks could be overvalued. Those concerns are even more focused 
on big technology companies that have been leading the market higher amid the 
focus on artificial intelligence advancements.

   The latest round of earnings is being closely monitored to gauge whether the 
market's big values are justified. They also are helping to fill in gaps in 
information because of the U.S. government shutdown.

   Airlines are feeling the impact of the shutdown as airports grapple with 
critical staffing problems. The Federal Aviation Administration will reduce air 
traffic by 10% starting Friday across 40 "high-volume" markets. American 
Airlines fell 2%, Delta Air Lines fell 1.2% and United Airlines fell 1%.

   In other dealings early Friday, U.S. benchmark crude oil gained 66 cents to 
$60.09 per barrel. Brent crude, the international standard, added 65 cents to 
$64.03 per barrel.

   The U.S. dollar rose to 153.48 Japanese yen from 153.06 yen late Thursday. 
The euro fell to $1.1537 from $1.1546.