Analysts said the changes to the methodology were fueling doubts about the accuracy of China’s figures.
Cleveland Federal Reserve Bank President Loretta Mester said Friday that fallout from the coronavirus on China could spill over to the U.S., but that business investment should otherwise pick up later this year.
Which companies were in focus?
Shares of Nvidia Corp. /zigman2/quotes/200467500/composite NVDA -0.34% gained 7% after reporting late Thursday record quarterly data sales of $968 million. Opinion: Nvidia shocks Wall Street with surging data-center sales.
Roku Inc. /zigman2/quotes/205087179/composite ROKU +1.47% shares lost 6.3%. The streaming-media company late Thursday delivered a better-than-expected earnings report and an upbeat forecast for the quarter and year ahead.
Tesla Inc. /zigman2/quotes/203558040/composite TSLA -0.59% shares closed 0.5% lower a day after the electric-vehicle maker surprised investors by announcing plans to offer around $2 billion of common stock in an underwritten deal.
Shares of Newmark Group Inc . /zigman2/quotes/201472789/composite NMRK -1.12% closed down 2.8% after an analyst downgrade.
Canopy Growth Corp.’s U.S.-listed stock /zigman2/quotes/200603886/composite CGC +0.26% /zigman2/quotes/202205609/delayed CA:WEED +0.31% surged 13.4% after reporting a narrower-than-expected fiscal third-quarter loss.
Drug wholesaler stocks fell after The Wall Street Journal reported that 21 states had rejected their offer for a settlement over their alleged roles in spurring the opioid crisis. McKesson Corporation /zigman2/quotes/206975466/composite MCK +0.54% shares were up less than 0.1% and AmerisourceBergen Corporation shares were 0.2% lower.
Shares of Expedia Group Inc . /zigman2/quotes/202291990/composite EXPE +1.14% gained 11%, as the online travel booking company missed earnings.
Kraft Heinz Co . /zigman2/quotes/203625533/composite KHC +0.08% shares slumped 3.2% after Fitch Ratings cut its investment-grade debt ratings to speculative-grade or “junk” status (after Friday’s close S&P Ratings firm also downgraded the company), amid concerns over its ability to reduce its leverage.
What are other markets doing?
Oil continued to power higher. The price of a barrel of West Texas Intermediate crude for March delivery gained 63 cents, or 1.2%, to settle at 52.05 a barrel on the New York Mercantile Exchange. WTI gained more than 3% this week, its first such gain in six weeks.
Gold for April delivery rose 0.5% to settle at $1,586.40, notching a modest weekly gain on haven buying.
The U.S. dollar /zigman2/quotes/210598269/delayed DXY -0.21% was less than 0.1% higher against a basket of rival currencies.
In Europe, the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP +0.23% slipped 0.6% to end trade at 430.52.
In Asia overnight, the China CSI 300 /zigman2/quotes/210598128/delayed XX:000300 -0.68% rose 0.7% to close at 3,987.73, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.33% ticked up 0.4% to 2,917.01, and the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.06% closed 0.3% higher, at 27,815.60. The Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -2.80% lost 0.6% to 23,687.59.
—William Watts contributed to this article