Noor Trends News, Technical Analysis, Educational Tools and Recommendations
US Shares turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and despite unemployment data that showed the labor market is continuing to recover.
Stocks have been shaken since midday trading on Wall Street Thursday as investors reviewed the latest earnings reports from retailers and an update on the employment market.
The S&P 500 rose 0.2%. The Dow Jones Industrial Average fell 91 points, or 0.3%, to 35,839 and the Nasdaq rose 0.3%. Roughly 70% of the benchmark S&P 500 companies fell, but gains by several large technology companies helped offset losses in other sectors.
Financial companies had some of the broadest losses. American Express fell 1.5% and insurer Allstate fell 1.1%.
