The S&P 500 is on pace for a positive Friday but lower for the week, with a bigger rally earlier in the session as oil prices fell following G7’s release of up to 100 million barrels of diesel and crude. Bond yields dropped on softer-than-expected September nonfarm payrolls, as weaker labor market data could keep the Fed from raising interest rates later this month. Linde’s investor day highlighted space and electronics as its two fastest-growing end markets, expected to account for about 20% of total sales by 2030. Annual space launches are projected to grow from 114 in 2020 to over 1,500 in 2030, while Linde has 5 billion dollars in projects under execution and 7 billion dollars in additional opportunities in the United States and Asia. The company aims to return to double-digit earnings growth as these faster-growing segments become a larger part of its business.
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