By Sabela Ojea International stocks trading in New York closed lower on Friday. The S&P/BNY Mellon index of American depositary receipts fell 0.6% to 157.67..
IT services and consulting firm CDW warned 2023 U.S. IT spending will be down in the high single digits in 2023. Just one quarter ago CDW had seen it as flat.
The company breached a 2019 settlement after its lawyers failed to turn over key findings from a probe into allegations of bribery in Iraq, according to a court filing and people familiar with the matter. Two law firms involved say they stand behind their work.