But consumer sentiment data from the University of Michigan for July missed analyst expectations.
Rubeela Farooqi, chief US economist at High Frequency Economics, attributed the lacklustre consumer data to the rise in Covid-19 cases. "Sentiment will likely remain subdued in the absence of a more substantial health response that will result in better virus containment and prevent repeated closures that will cause more permanent damage to the labour market," Ms Farooqi said.
Among individual names, Netflix dropped 6.5 per cent after reporting relatively flat second-quarter profits despite rising subscriber numbers. BlackRock jumped 3.7 per cent as the money management firm attracted US$100 billion in new funds amid the upheaval in markets.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
US stocks end mostly up but Netflix dropsNEW YORK (AFP) - Wall Street stocks finished a volatile week mostly higher on Friday (July 17) following mixed economic data as Netflix shares retreated following disappointing earnings.. Read more at straitstimes.com.
Leggi di più »
Seoul: Stocks fall on mounting US-China tension[SEOUL] South Korean shares slid on Thursday on intensifying Sino-US tensions and weak data from China, while the country's central bank kept the benchmark rate unchanged. Read more at The Business Times.
Leggi di più »
US: Nasdaq retreats in down day for stocks[NEW YORK] Wall Street stocks fell on Thursday after two strong sessions with the tech-rich Nasdaq underperforming other indices following mixed economic data. Read more at The Business Times.
Leggi di più »