US markets ended mostly in red on Friday as traders remained cautious on the situation in Greece, as the debt-laden country and its creditors continue to struggle to reach an agreement. The latest reports suggested that Greece has rejected a 15.5 billion euro, five-month bailout extension due to concerns about the tough conditions demanded in return. European finance ministers are scheduled to meet again on June 27 to continue the negotiations, with German Chancellor Angela Merkel saying the weekend’s talks will be ‘decisive’. Moreover, traders shrugged off a report from the University of Michigan showing that U.S. consumer sentiment has improved by even more than previously estimated in June. The report said the consumer sentiment index for June was upwardly revised to 96.1 from the mid-month reading of 94.6.
Nasdaq lost 31.69 points or 0.62 percent to 5,080.50 and the S&P 500 ended lower by 0.82 points or 0.04 percent to 2,101.49. However, The Dow Jones Industrial Average was up by 56.32 points or 0.31 percent to 17,946.68.
The Indian ADRs markets ended mostly in red on Friday, HDFC Bank lost 0.32%, ICICI Bank slipped 0.11%, Tata Motors dipped 0.08% and Dr. Reddy’s Lab was down by 0.02%. On the other hand, Wipro was up by 0.09%.