US: Stocks end mostly up but Netflix drops

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

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