US stock market trends丨Dow Jones decline narrows

Dragged down by tech stocks, the Dow fell by more than 300 points at one stage on Friday, before its losses gradually narrowed.

As of 11:19 p.m. Hong Kong time, the Dow was at 51,887 points, down 32 points, or 0.06%; the S&P 500 index was at 7,346 points, down 11 points, or 0.15%; and the Nasdaq was at 25,284 points, down 74 points, or 0.3%.

The University of Michigan’s final June U.S. consumer sentiment index came in at 49.5, compared with market expectations of 50. The initial reading for consumers’ one-year inflation expectations was 4.6%; the initial reading for consumers’ five-year inflation expectations was 3.3%.

The U.S. goods trade deficit widened to $105.8 billion in May, the highest level since more than a year ago, against an expected deficit of $85 billion.

In Europe, the UK’s FTSE 100 index was at 10,486 points, down 43 points, or 0.41%; Germany’s DAX index was at 24,614 points, down 380 points, or 1.52%; France’s CAC 40 index was at 8,353 points, down 77 points, or 0.92%; and Italy’s FTSE MIB index was at 51,155 points, down 627 points, or 1.21%.