US stocks eased off their recent highs against mixed global economic data, with the S&P 500 down 0.7%.
Within the US market, Twitter was a notable faller, down 13% at the time of writing on Friday, with investors disappointed by its first-quarter results, which seemed to contrast with the results beats released earlier in the weak from the likes of Alphabet, Amazon.com and Facebook.
Economic news was mixed on Friday, with WTI oil futures softening 2.6% following uninspiring business survey data from China.
UK stocks flat
UK stocks were broadly flat, with the FTSE 100 up 0.1% and the FTSE All share 0.2% firmer.
In the UK market, molecular diagnostic company Genedrive surged 20% after securing regulatory approval for its PCR coronavirus testing kit in India.
Among the UK blue chips, pharmaceutical giant AstraZeneca was up over 4% after providing upbeat guidance for the second half of 2021.
China’s official manufacturing purchasing managers’ index eased to 51.1 in April from 51.9 in the prior month, disappointing economists’ forecasts.
The eurozone was confirmed to have entered recession, shrinking 1.8% in first quarter year on year, though this was a better outcome than economists had expected.