US stocks retreat in broad, composed sell-off

News Snapshot:

Surveys of manufacturing purchasing managers released on Friday signalled contraction across major economies, with the US index hitting its low for the year so far, Reuters reported. The euro-area equivalent for June slid more than economists anticipated, to the lowest level in more than three years. The Russell 2000 is expected to finalise the reconstitution of its stock components after the closing bell, which tends to cause a surge in trading volume as the session draws to a close. Germany’s DAX index shed 1.0 per cent, leading losses among regional peers as shares of Siemens Energy sank 37.3 per cent...