• Global Stocks

Market news

19 June 2017

Global Stocks

Stocks across Europe finished higher Friday, but shares of some supermarket chains were hit hard after Amazon.com Inc. unexpectedly said it's scooping up Whole Foods Market Inc. in a nearly $14 billion deal.

The Dow Jones Industrial Average on Friday notched its 21st record of 2017 led by a late-stage rise in energy shares, as Amazon announced plans to buy Whole Foods- one of the buzziest mergers of 2017. However, the tech-heavy Nasdaq Composite ended lower and booked a second-straight weekly loss, extending what has proven a painful weekly stretch for tech';s highfliers.

Stock markets were higher in Asia early Monday, with resilience in U.S. equities helping to improve risk appetite at the dawn of an action-packed week. Among other events, investors will be focused on the start of formal Brexit negotiations and a decision on whether to include China's domestically-traded A-shares in MSCI's emerging-market index, which is widely followed.

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