Cool start on Wall Street – Business World

The courses on Wall Street began Friday’s trading around zero in an irregular trend leaning toward the negative side. In Europe, stock markets rose, while Asian markets lost ground. Retail trade was the focus of both statistical releases and interim reports Spirit companies in the sector.

“The lack of catalysts this week has left investors without any direction. I do not think it has been helped by that a number of assets currently trading at elevated levels, oil and US equities to name just a few, “said Craig Erlam, senior market analyst at Oanda, in an email commentary MarketWatch taken note of.

Large companies index Dow Jones Industrial Average was at 16:23 fell by 0.2 percent to 17,681. The broader index S & amp; P 500 declined 0.2 percent to 2,061 while the technology-heavy Nasdaq Composite rose 0.1 percent to 4743.

The interest rate on the ten-year bond was down by 2 basis points to 1.73 percent while trettioårsräntan fell 2 basis points to 2.58 percent.

the American industrial supplies rose 0.4 percent in March, which was higher than the expectations were for an increase of 0.2 percent.

Statistics on retail sales in April showed a rise of 1.3 percent compared to the immediately previous month. Expectations were simultaneously on a rise of 0.8 percent.

Oil prices lost ground on Friday after the Russian Energy Minister Alexander Novak on Thursday said he does not see a balanced oil market until the first half of 2017.

the retail company JC Penny reported earnings for the first quarter, which was worse than analysts’ consensus. Same store sales were worse than expected weighed on the result. Shares dropped 3.3 per cent in the opening trade

Sector Mrs Nordstrom presented a report weaker earnings and sales than expected in the first quarter. The share was down 13.9 percent after the report.

The restaurant chain Shake Shack climbed 4.9 percent after a report was better than expected. The better result was due to strong sales in comparable restaurants combined with successful new openings.

Nvidia rushed 11.2 percent on the Nasdaq after the chip maker reported a profit growth of 46 percent in the first quarter. Strong growth of gaming products as well as newer sectors such as the automotive industry’s “infotainment” contributed to the profit increase.