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U.S. stock markets ended the consultation unchanged in a quiet summer Friday after lawmakers withdrew without agreeing on a coronavirus relief program and retail sales eased.
The Dow Jones Industrial Average recorded modest gains, 34 points or 0.12%, while the S-P 500 and Nasdaq Composite lost 0.02% and 0.21%, respectively.
The S-P 500 is below a record after making several attempts this week to capture the 3386.15 point.
The Senate postponed its recess in August on Thursday and joined the House, while Republicans and Democrats receive a trillion dollars from a coronavirus relief program. The biggest impediment to negotiations is about $950 billion in aid that Democrats must provide to states and cities.
President Trump, at a midday press conference, announced that he was in a position to send Americans a momentary stimulus check and blamed Democrats for the heist.
On the economic front, retail sales increased by 1.2% in July, with the 1.9% gain expected by analysts surveyed through Refinitiv, while the June reading was revised to 8.4% from 7.5%.
On the other hand, commercial sales rose by 3% per month in July, in line with estimates.
As for the actions, McKesson gave the impression after Trump announced that the company would be the main distributor of a coronavirus vaccine.
Apple Inc. moved away from a market capitalization of $2 trillion after achieving $1.97 trillion on Thursday. Shares must exceed $467.77 to succeed in the goal.
Tesla Inc. has been upgraded to “equal weight” at Morgan Stanley, which cited the prospects for its battery business.
In terms of profit, Chinese search engine Baidu posted an upward and downward pace, but the stock suffered tensions after iQiyi Inc., a Netflix-style streaming service that the company created in January 2018, announced its cooperation with the U.S. Securities and Exchange Commission. investigating his monetary records.
The research follows a report in April through Wolfpack Research that accused the company of overestimating its revenue by 44%.
Elsewhere, the quarterly loss of DraftKings Inc. was expanded when COVID-19 suspended the game, but the gaming app reported that revenue increased sequentially as professional occasions resumed.
For raw materials, gold slid from $19.70 to $1,937 an ounce, while West Texas Intermediate crude oil rose to $42.01 in line with the barrel.
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European markets traded very low, with France’s ACC falling by 1.58%, Britain’s FTSE falling by 1.55% and Germany’s DAX falling by 0.71%.
In Asia, Hong Kong’s Hang Seng lost 0.19%, while Japan’s Nikkei added 0.17% and China’s Shanghai Composite lost 1.19%.
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