Stocks return some of the gains from the previous session after data showed that the UK economy contracted for the first time since 2012.
Britain's gross domestic product fell by a quarterly rate of 0.2 per cent, a Reuters survey expected a flat reading. Annual growth in economic growth slipped to 1
Last season, the Dow Jones Industrial Average and S&P 500 jumped over 1 percent, while the tech-heavy Nasdaq Composite rose over 2 percent.
|In: DJI||DOW JONES AVERAGES||26340.05  -38.14||-0.14%  SP500||S&P 500||2938.09||+54.11||+ 1.88%|
|I: COMP||NASDAQ COMPOSITE INDEX||8039.156033  +176.33||+ 2 , 24%|
Safe haven like gold rose over $ 1,500 on Friday, the highest in more than six years.
US crude prices are up 1.4 percent to $ 53.25 per barrel.
The Labor Department said on Friday that the producer price index rose 0.2 percent last month, in line with expectations. In the twelve months to July PPI increased by 1.7 per cent, the same margin as in June.
Technology stocks are under pressure following a report that Washington postponed a decision to allow some trade between US companies and China's Huawei.  Ticker
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CBS Corp. had strong growth at the top and bottom as the company prepares for the transformation of a merger with the company's sibling Viacom.