EQUITY MARKETS

US

S&P500 -0.35%(2,390.90); NASDAQ +0.34% (6,121.33); DJIA -0.53% (20,896.61)

This week’s reports:

May’s Michigan Consumer Sentiment Index (prelim.) rose to 97.7 from April’s 97.
April’s CPI rose by 2.2 y/y versus March’s +2.4 y/y. Core CPI rose by 1.9 y/y versus March’s +2% y/y.
March’s Wholesale Inventories rose by 0.2% from February’s -0.1%.
March’s Business Inventories remained unchanged from February’s downwardly revised +0.2%.
April’s Retail Sales rose +0.4% from March’s upwardly revised +0.1%. Retail Sales ex Autos remained unchanged from March’s upwardly revised +0.3%.
Initial Jobless Claims for the week ending May 5th fell by 2K to +236K. Continuing Jobless Claims for the week ending April 28th fell by 61K to 1,918K.

US stocks fell, with the S&P 500 Index posting its first back-to-back decline in one month, as April consumer prices and retail sales reports reinforced expectations for tepid economic growth while Nordstrom Inc. became the latest retailer to miss estimates.
US stocks fell after setting a record high Wednesday as investors prepare for earnings from retailers after Macy’s results disappointed.