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.