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Stocks Soften Further into the Close

EQUITIES

E-mini S&P hit the days low following the London close, extending losses on the session to over 70 points as energy and tech names led losses in the US. WTI crude futures re-targeted the week's lows ahead of the Friday close, leading the likes of Exxon Mobil, Chevron and Occidental Petroleum to trade with losses of as much as 3%.

Single stock turmoil continues to unsettle markets. The much-watched GameStop opened higher by over 100%, before fading, although sharp gains are still noted into the Friday close.

European shares closed with losses of near 2%, with Spanish, French names underperforming.

Earnings remain a driver, with Alphabet and Amazon both due in the coming week.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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