8/14, 10:02 PM (Source: TeleTrader)
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US ends mixed with data, coronavirus in focus

Equities on major US stock markets finished Friday's session mixed as investors focused on economic data. Inventories in the manufacturing and trade sectors in the United States slid 1.1% monthly and 5.8% annually in June, while the country's industrial production dropped 8.2% year-on-year in July but improved 3% on a monthly basis to meet estimates.

According to Dallas Federal Reserve Bank (Fed) President Robert Kaplan, the US economy is expected to contract 4.5% next year with the employment rate facing a fall of up to 9%. Meanwhile, Fed Minneapolis President Neel Kashkari noted coronavirus is "raging out of control" across the country as the lockdown in the US "wasn't strict enough" to curb the infection.

The Dow Jones gained 0.12% at the closing bell with Walgreens Boots strengthening over 2%, while the Nasdaq 100 lost 0.12% as Baidu sank over 6%. The S&P 500 finished the session virtually unchanged despite McKesson Corp's jump of more than 4%.

The euro added 0.19% to go for $1.18355 at 3:59 pm ET.

Breaking the News / GA