How major USA stock market indexes fared on Friday

Randall Padilla
May 13, 2017

US stocks finished with losses on Thursday (http://www.marketwatch.com/story/nasdaqs-record-run-on-the-line-as-snap-tumbles-after-results-2017-05-11), though well off session lows, led by declines for retail shares.

In the United Kingdom, the FTSE shed around 10 points after the bell, drifting away from the 7400 mark it grazed on Wednesday; sterling was similarly sluggish, remained just below 1.295 against the dollar while slipping 0.1% against the euro. Australia's S&P/ASX 200 shed 0.7 percent to 5,836.90.

Shares of Priceline PCLN.O tumbled 5 percent to $1,815 after the travel website operator issued a current quarter earnings estimate that missed analysts' expectations.

Eight of the 11 major S&P 500 sectors rose during the session, with energy .SPNY jumping 1.06 percent, helped by a 3.5-percent jump in oil prices CLc1 LCOc1 .

Stocks are mostly lower in midday trading on Wall Street as banks and industrial companies fall.

After the bell, Snap SNAP.N slumped 18 percent as the Snapchat-owner's first quarterly report disappointed investors.

The Standard & Poor's 500 index fell 4 points, or 0.2 percent, to 2,389.

CALM DAY: It was another relatively listless day of trading for the broad market, which has been at its calmest in more than two decades by some measures. Eighteen of the Dow's 30 stocks ended lower, with Microsoft's 1.2% loss the worst.

The Nasdaq is up 738.12 points, or 13.7 percent. Exxon Mobil gained 0.9 percent. In Asia, Japan's Nikkei 225 fell 0.4 percent, South Korea's Kospi fell 0.5 percent and the Hang Seng in Hong Kong ticked up by 0.1 percent.

GROUP OF SEVEN: Finance ministers from seven of the world's advanced economies are gathering in Italy this weekend.

The major US equity indexes are trading lower ahead of Friday's release of key USA economic data.

Some energy companies bucked the downward trend and rose along with the price of crude oil. Brent crude, the worldwide standard, lost 8 cents to $50.69 per barrel in London.

CURRENCIES: The euro from rose to $1.0924 from $1.0866 late Thursday. The dollar slipped to 113.29 Japanese yen from 113.88 yen, and the British pound slipped to $1.2886 from $1.2890.

Other reports by AllAboutTopnews

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