By Chibuike Oguh
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes were trading higher in choppy trading as gains in healthcare and consumer discretionary stocks offset losses in industrials, technology and energy.
The S&P 500 and the Nasdaq, however, were on track for a weekly loss while the Dow was headed for a weekly gain.
Chip stocks were down 4.5% and were set to shed 7% for the week — the largest weekly decline since March.
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes were trading higher in choppy trading as gains in healthcare and consumer discretionary stocks offset losses in industrials, technology and energy.
The S&P 500 and the Nasdaq, however, were on track for a weekly loss while the Dow was headed for a weekly gain.
Chip stocks were down 4.5% and were set to shed 7% for the week — the largest weekly decline since March.
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