Global Markets

LONDON, World stocks largely slipped on Friday, Reuters reported.

MSCI’s gauge of stocks across the globe shed 0.28% after three days of gains, putting it little changed for the week. Wall Street’s S&P 500 index dipped in early Friday trading after European markets fell.

On Wall Street, the Dow Jones Industrial Average rose 28.63 points, or 0.08%, to 34,793.45, the S&P 500 lost 1.17 points, or 0.03%, to 4,447.81 and the Nasdaq Composite dropped 80.92 points, or 0.54%, to 14,971.32.

The pan-European STOXX 600 index lost 0.75%, as weak German business confidence data also weighed.

The dollar index rose 0.288%, and was on track for a third straight week of gains, with the euro down 0.26% to $1.1705. The Japanese yen weakened 0.36% versus the greenback at 110.72 per dollar.

Oil prices were also tracking to weekly increases, with U.S. crude on pace for a fifth week in a row of gains. On Friday, U.S. crude rose 0.46% to $73.64 per barrel and Brent was at $77.67, up 0.54% on the day. Spot gold added 0.1% to $1,744.60 an ounce

Source: Saudi Press Agency