SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. US markets close mostly in red on Friday

US markets close mostly in red on Friday

15 Aug 2020 Evaluate

The US markets ended choppy trading session mostly in red in Friday as traders seemed reluctant to make more significant moves amid uncertainty about the near-term outlook for the markets. With earnings season largely in the rear-view mirror and talks about a new coronavirus relief bill at a stalemate, traders may be unsure about the next catalyst to drive the markets. Traders also digested a slew of US economic data, including a report from the Commerce Department showing retail sales jumped by less than expected in July amid a pullback in auto sales. The Commerce Department said retail sales advanced by 1.2 percent in July after soaring by an upwardly revised 8.4 percent in June. Street had expected retail sales to jump by 1.9 percent compared to the 7.5 percent spike originally reported for the previous month. Excluding sales by motor vehicle and parts dealers, retail sales surged up by 1.9 percent in July after skyrocketing by 8.3 percent in June. Ex-auto sales were expected to increase by 1.3 percent.

Meanwhile, the Federal Reserve released a report showing a jump in US industrial production in the month of July that matched street estimates. The Fed said industrial production surged up by 3.0 percent in July after soaring by an upwardly revised 5.7 percent in June. Street had expected production to jump by 3.0 percent compared to the 5.4 percent spike originally reported for the previous month. Despite the substantial increases seen over the past two months, the Fed noted production is still 8.4 percent below its pre-pandemic February level. A preliminary reading released by the University of Michigan unexpectedly showed a slight improvement in U.S. consumer sentiment in the month of August. The report said the consumer sentiment index inched up to 72.8 in August from 72.5 in July. The uptick surprised street, who had expected the index to edge down to 72.0.

Nasdaq slipped 23.20 points or 0.21 percent 11,019.30 and S&P 500 was down by 0.58 points or 0.02 percent to 3,372.85, while Dow Jones Industrial Average gained 34.30 points 0.12 percent to 27,931.02.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: