Company / Analytics

Analytics, 25 July 2020

Week 30 in Brief

How did the major indices perform?

U.S. stocks closed lower Friday driven by the Nasdaq Composite which recorded its first back-to-back decline since mid-May. The week was moved by second-quarter earnings reports which saw tech companies drop. Investors worried about rising tensions between China and the United States and slow progress on another fiscal stimulus bill in Washington.

European markets finished sharply lower on Friday with shares in Germany leading the region.

Asia markets finished lower following rising tensions between the U.S. and China and a selloff of tech stocks on Wall Street.



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