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The Guardian - UK
The Guardian - UK
Business
Josephine Moulds

US stocks unchanged after four days of losses

US shares were largely unchanged when the markets opened, with the Dow Jones just 0.1% lower at 12,918.6. There was no holiday in the US on Monday when the shares recorded a fourth day of losses, driven by a disappointing jobs report out last Friday. US jobs grew by just 120,000 in March, far below the expected increase of 203,000.

In terms of individual stocks, Best Buy, the world's largest consumer electronics chain, rose by almost 4% to $23.55. The company announced on Tuesday that chief executive Brian Dunn had resigned. Director Mike Mikan will step in as interim chief executive. Best Buy said there were no disagreements between Dunn and the company and the decision was a "mutual agreement".

Aluminium manufacturer Alcoa slipped 0.6% to $9.54 ahead of its earnings report, which is due out after the US markets close. The company is expected to report a first-quarter loss and provide some insight into how the aluminium industry is coping with a glut of supply, weaker prices and higher costs.

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