US equity markets turned in a mixed performance to end the week as investors pondered the latest jobs data, stalled stimulus talks and US-China tensions, with the Dow and S&P500 clawing into positive territory in the final minutes of Friday’s (7 August) session - Dow edged +47-points or +0.17%. Boeing Co fell -1.3% after a report that a 737 craft operated by Air India crash landed in Southern India before breaking in two. Pfizer Inc gained +0.47% after it announced that it will help manufacture Gilead Sciences Inc’s COVID-19 treatment remdesivir as part of a multiyear agreement. The broader S&P500 eked out a +0.06% . T-Mobile US Inc rallied +6.47% following the release of their second quarter result after the closing bell of the previous session that saw the company surpass AT&T Inc (up +0.60%) in number of customers, making it the second-largest largest U.S. provider behind Verizon Communications Inc (+1.21%), following its merger with Sprint. Financials (up +2.18%), Utilities (+1.80%) and Industrials (+1.73%) were the leading primary sectors with gains of over >1.5%, while Information Technology (down -1.56%) was comfortably the worst performing primary sector. The technology-centric NASDAQ lost -0.87% and snapping a seven session winning streak. The small capitalisation Russell 2000 Index outperformed with a +1.6% gain.
