U.S. stocks ended mostly lower on Friday, weighed down by technology and consumer discretionary shares, while the dollar edged higher after stronger-than-expected U.S. manufacturing data.22 May 2021 05:30AMNEW YORK: U.S. stocks ended mostly lower on Friday, weighed down by technology and consumer discretionary shares, while the dollar edged higher after stronger-than-expected U.S. manufacturing data.
On Friday, Philadelphia Fed Bank President Patrick Harker said Fed officials should start talking about the best way to reduce their asset purchases"sooner rather than later."Advertisement In the euro zone, the IHS Markit's flash Composite Purchasing Managers' Index, seen as a good guide to economic health, climbed to 56.9 in May, its highest level since February 2018, from April's final reading of 53.8.