S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
US stock indices closed lower on Friday as macroeconomic headwinds weighed. The S&P 500 eased 0.2% from its record high, while the Dow shed 108 points and the Nasdaq 100 fell 0.1%. The University of Michigan’s preliminary August sentiment index fell to 51, below forecasts of 55. Meanwhile, retail sales dropped in July by the most in over a year. The data, alongside weak jobs figures and soft inflation, suggested that the economy is showing signs of cooling. A slowdown in consumer spending could weigh on corporate profits and the stock market. Hyperscalers, including Meta (-0.9%), Oracle (-3.7%) and Amazon (-0.9%), posted losses. Heavyweight chipmakers closed mixed, with Broadcom down 5.9%, Intel losing 2%, and Nvidia edging lower, while AMD (+6.5%) and memory producers extended their strong gains from earlier in the week. Micron added 2.3% on bullish recommendations from analysts and brokers, while SanDisk jumped 7.4% following its 14% surge on Thursday.
