Markets

Mid-Day Update: US Stocks Slips Into Red Territory After Week of Wild Swings

US stocks entered red territory going into the midday on Friday as investors prepared to wrap up a roller-coaster week.

In economic news, the December Chicago Purchasing Managers' Index fell 1.0 point to 65.4, better than forecast, after November's 8-point bounce to 66.4.

The November pending home sales index declined 0.7% to 101.4, weaker than the 1.5% increase expected, and extending October's 2.6% drop to 102.1.

In Europe, equities jumped higher despite the volatility in New York, with miners and technology companies leading gains in the region's main benchmark, the Stoxx Europe 600 index.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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