Stocks moved mostly lower as a rebound in U.S. retail sales put a June rate hike on the markets' radar. The Dow is on track to close with its fourth straight session of losses. Consumer sentiment ticked even higher in May, according to a preliminary reading of the University of Michigan's index. A healthy labor market, slow but steady growth in the U.S. economy, and a booming stock market have created optimism among consumers. J.C. Penney (JCP) tumbled after falling short of sales estimates, just the latest retailer to report on a disappointing quarter. Same-store sales declined by 3.5%, five times steeper than expected. Dick's Sporting Goods (DKS) moved sharply lower after lowering its previously reported fourth-quarter and fiscal 2017 EBITDA by just over $23 million. The retailer blamed a "computational error."
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.