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Markets Right Now: Stocks move lower on Wall Street
13 May 2017, 10:45 | Frank Carlson
Walt Disney is the worst performing Dow constituent
Weak retail earnings hit the S&P 500 and the Dow Jones Industrial Average over the past week.
CHINA-US TRADE: A trade deal announced on Friday Asia time would allow USA companies to ship liquefied natural gas to China and tackles a range of long-standing barriers, ending a ban on imports of USA beef and moving a step closer to allowing Chinese poultry on American supermarket shelves.
USA futures pointed to a slightly lower open on Wall Street as investors awaited the release of retail sales and inflation data.
The Dow Jones industrial average lost 23 points, or 0.1 percent, to 20,896. Hong Kong's Hang Seng edged 0.1 percent higher to 25,156.34 and the Shanghai Composite Index in mainland China was 0.7 percent higher at 3,083.51.
NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets. That would mark the index's fourth-straight weekly rise, albeit the smallest in the streak.
In corporate news, the week has been tough for retailers as companies reported quarterly earnings that missed estimates. (MRK) the largest decliners, for a 0.5% drop on the week.
At 1400 GMT, Preliminary University of Michigan Consumer Sentiment is expected to come in unchanged at 97.0. It is expected to show consumer inflation rose by 0.3%, up from -0.3% in March.
At 10 a.m. Eastern, the University of MI consumer sentiment survey for May is due, as is a reading on business inventories in March.
Elsewhere, investors will eye a speech from Chicago Fed President Charles Evans who is due to appear on a panel on economy and interest rates at the ACI financial markets conference in Dublin at 1400 BST.
J.C. Penney fell 51 cents, or 9.6 percent, to $4.78 after it reported a loss for its latest quarter and weaker revenue than analysts expected.
Other markets: USA oil prices moved lower on Friday, though they were still headed for a gain of 3% for the week.
The broader market, though, was much more pacific. The two-year yield dropped to 1.28 percent from 1.34 percent, and the 30-year yield fell to 2.99 percent from 3.03 percent.
U.S. to expand its role against Taliban in Afghanistan
This would also get rid of former President Barack Obama's restrictions that limited the US military advisers on the battlefield. The Post , which first reported the development late Monday, said that President Trump has yet to approve of the plan.
President Trump meets Russian foreign minister
In their meeting, Trump told Lavrov that Russian Federation needs to rein in Syria's Assad, according to the White House. Senior Democratic Senator Dick Durbin said the Oval Office encounter was a photo opportunity for Russian Federation .
Active Volume Stock: Kohl's Corp. (KSS)
The range of a day's trading is high-low, and True Range expands into yesterday's close when it lands outside of today's range. Stocks with high EPS growth rates compared with year-ago levels suggest a company has products or services in strong demand.
Rangers top Senators 4-1, tie series 2-2
Then, at 15:54, Lindberg floated a shot from the left wing that somehow eluded Anderson after a strong forecheck by Glass and J.T. Having lost the first two games of the series the Rangers knew they had to win four of the next five games to advance.
New Cases in Crow Wing County Bring Measles Total to 54
But at the last minute it was relocated to the Safari Restaurant and Event Center, a Somali establishment in Minneapolis. He further said that they had three children died in Minnesota from measles and two of them died at their hospital.
Equipment water leak shortens spacewalk by 2 US astronauts
It was a milestone moment, nonetheless: the 200th spacewalk in the construction and maintenance of the orbiting outpost. The astronauts will focus on one key task, to replace what is known as the ExPRESS Carrier Avionics, or ExPCA, box.