Market averages turned lower on global economic growth worries. Sales at retail stores, online and restaurants rose for the fourth month in a row in July but sales at gasoline stations plunged from a year earlier.
Popular averages closed higher and tech stocks rebounded after a selloff in the last two weeks. Global markets were on the defensive after China property market woes worsened and the ruble, the yen and Argentine peso weakened.
Market averages were in a holding pattern and investors awaited retail sales data and about 300 companies are scheduled to release earnings including Target, Walmart and Cisco.
Market averages eased on Friday and indexes are set to close down for the second week in a row after banks faced selling pressure, semiconductor stocks lost momentum and energy stocks rebounded.
Investors turned cautious in midday after the weakening inflation report failed to spark further gains on the worries that the Federal Reserve is more likely to continue its aggressive rate hike campaign.
Stock and bond market reacted positively to the latest inflation report which showed a slight acceleration in overall inflation but core inflation edged lower in July.
Market averages attempted a rebound and Treasury yields were stable ahead of inflation data Thursday. Commodities traded volatile after China reported deflation for the first time in more than two years.
Market averages sold off for the second day in a row after regional bank worries resurfaced. Bond yields around the world eased after China's exports and imports declined in double digits in July.
Popular market averages declined more than one percent after more than two dozen banks were downgraded on the rising costs of deposits, weakening capital generation and unrealized losses in Treasury securities.
Stocks advanced on Wall Street and Treasury yields edged higher ahead of two key inflation reports this week. Crude oil traded at a 4-month high on tighter supplies.
Stocks meandered and major averages lacked direction after a week of losses after Fitch rating downgrade of the U.S. debt. Campbell Soup agreed to acquire pasta sauce maker Sovos Brands for $2.3 billion.
Market averages traded higher in early trading after the U.S. added below average jobs in July and wage gains were muted. The yields on short-term and long-term treasury bonds inched higher to the levels not seen since November.
European markets lacked direction and trimmed weekly losses of 2% after the Euro Area retail sales declined for the eighth month in a row and German factory orders unexpectedly rose in June.
Stock market averages faced headwinds after bond yields jumped to a 9-month high and market rally appears to be running out of steam. Higher yields dragged down home builders and real estate sector stocks.
