US stocks rose and fell 0.8percent in mixed index

 US stocks rose and fell 0.8percent in mixed index

*EU to discuss 750 billion euro recovery plan

Siwu day is one of the most volatile trading days of the year, with the largest trading volume. Stock index futures, stock index options, stock options and single stock futures are all due and delivered today. About $1.8 trillion of S & P 500 options expire today, the third largest non December expiration date on record, according to Goldman Sachs.

Retail and airline stocks also fell on concerns of a backlash. Kohl department store fell 4.7%, Nordstrom fell 6.3%, United Airlines and Delta Airlines fell 6.3% and 4.1% respectively.

The epidemic is on the rise and US stocks are weak in consolidation

Investors who once ignored the bearish and high hopes for the V-shaped rebound had a clearer understanding of the shape of economic recovery. Liz Ann sonders, chief investment strategist at Charles Schwab, said the economy was more likely to achieve the W-shaped rebound. Eric Rosengren, chairman of the Boston fed, said on Friday that the economy is unlikely to recover quickly and needs more support from the Fed and Congress. He expects the unemployment rate to remain double-digit by the end of the year.

More than 2.2 million confirmed cases in the United States, with the largest one-day increase in many states

To be cautious, apple decided to reopen 11 Apple stores in four states, including Florida and Arizona, from Saturday. Earlier this week, apple said it would reopen more than 200 U.S. stores in the target week, including New York City, the latest to restart the economy. News dragged Apples share price down to 1.7% at most.

EU to discuss 750 billion euro recovery plan

Leaders of the EU Member States held a video conference on Friday to discuss for the first time a EUR 750 billion economic recovery plan, which needs to be agreed by 27 member states before it can take effect.

In terms of economic data, the UKs National Bureau of Statistics announced on Friday that public sector borrowing totaled u00a3 103.7 billion in April May, an increase of u00a3 87 billion over the same period last year, due to a surge in spending and a sharp reduction in taxes, the first time public sector debt has exceeded GDP since 1963. Even at the height of the financial crisis, the government never borrowed more than 22 billion pounds a month. In terms of retail data, retail sales in the UK fell 13.1% year-on-year in May and rebounded 12% month on month as the government relaxed anti epidemic measures.

WTI crude rose 91 cents, or 2.34 percent, to $39.75 a barrel on Friday, while Brent crude rose 61 cents, or 42.12 a barrel.