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Mixed Finish to the Week

EQUITIES
  • US indices were mixed Friday, with tech stocks bouncing and driving the NASDAQ higher from the open. The Dow Jones lagged, slipping around half a percent as Visa and Nike made considerable point deductions to the index. Nike's earnings update proved disappointing, while Visa slipped on a DoJ investigation into debit card practices.
  • In the S&P 500, small gains were underpinned by communication services and energy, while financials and industrials weighed on the index.
  • European equity markets were lower into the close, with weakness led by Spain's IBEX-35 (-1.5%) and France's CAC-40 (-1.1%). Focus remains on the beleaguered vaccine rollout across the continent, with AstraZeneca doses resuming after a mid-week pause on safety concerns.

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