June new-home sales rose to 0.628M, beating estimates, while S&P Global Manufacturing PMI fell short at 53.8.
US equities closed mixed Friday, with the Dow Jones Industrial Average rising 0.45% to 51,952.20, while the Nasdaq declined on profit-taking in large tech stocks. The S&P 500 edged up 0.05%, reflecting cautious sentiment ahead of next week’s earnings reports and geopolitical tensions.
New-home sales for June reached 0.628M, surpassing the 0.610M estimate, though the July Flash S&P Global Manufacturing PMI dipped to 53.8 from a 54.3 forecast. Crude oil futures settled at $89.31, down on the day, as Iran-related risks remained in focus.
European markets closed higher, with major indices posting weekly gains. The EUR/USD, USD/JPY, and GBP/USD showed little movement in early North American trading, as investors awaited further developments on US-Iran talks and upcoming trade policy announcements.