Live Market Updates: 17 July
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On July 14, the S&P 500 ended slightly lower, with the energy and financial sectors dragging down the index. However, all three major US stock indexes recorded solid weekly gains. JPMorgan Chase's stock rose 0.6 percent, while Wells Fargo eased 0.3 percent. The Dow Jones Industrial Average rose 0.33 percent, the S&P 500 lost 0.10 percent, and the Nasdaq Composite dropped 0.18 percent.
In Asian markets, investors were cautious ahead of key economic data from China, including GDP figures for the second quarter and industrial output numbers for June. The Hang Seng index in Hong Kong was poised for a lower open after a five-day winning streak, and South Korea's Kospi dipped 0.43 percent.
European stock markets closed lower on Friday after five consecutive positive sessions. The regional Stoxx 600 index closed 0.1 percent lower, with tech stocks posting gains and telecom stocks experiencing losses.
The US dollar, which had a significant drop last week, took a break as traders awaited economic data and policy decisions. The euro and yen maintained their strength against the dollar.
Oil prices declined for a second consecutive session due to Libya resuming production and concerns about China's economic recovery. Brent crude futures fell 0.7 percent, while US West Texas Intermediate crude dropped 0.7 percent as well.
Foreign institutional investors (FIIs) bought shares worth Rs 2,636.43 crore, while domestic institutional investors (DIIs) sold shares worth Rs 772.45 crore on July 14, according to provisional data from the National Stock Exchange (NSE).