Global Markets: US stocks ended lower as major tech shares pulled back, weighing on the market. On Friday, the Dow Jones Industrial Average fell 182.44 points, or 0.68 per cent, to 26,469.89. The S&P 500 decreased 20.03 points, or 0.62 per cent, to 3,215.63. The Nasdaq Composite Index slipped 98.24 points, or 0.94 per cent, to 10,363.18, Xinhua news agency reported.

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Intel shares plunged more than 16 per cent, leading the laggards in the Dow. The US chipmaker reported second-quarter results that topped estimates on Thursday, but also offered downbeat guidance for the third quarter.

Shares of other major US tech giants such as Facebook, Apple and Google-parent Alphabet also struggled.

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The S&P 500 tech sector closed down 1.19 per cent, the worst-performing group.

US-listed Chinese companies traded roughly flat, with five of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on an upbeat note.

Investors remained cautious amid a continued spike in coronavirus infections in the United States and they were also worried about US-China tensions, experts noted.

The United States hit a new virus milestone Thursday with confirmed COVID-19 cases topping 4 million. As of Friday afternoon, more than 4.08 million cases have been reported in the country, with about 145,000 deaths, according to a tally by Johns Hopkins University.