The stock market continues to trend along the
unchanged mark. Nearly 60% of the S&P 500 components are trading
lower. The preliminary May consumer sentiment survey from the
University of Michigan came in at 59.5. Economists were expecting a
reading of 62.0. The prior reading came in at 62.6.
Despite positive earnings surprises from Nordstrom (JWN 37.92, +0.63),
Kohl's (KSS 49.02, -1.47), and Abercrombie & Fitch (ANF 76.79,
0.71), the S&P 500 Retailing Index is trading noticeably lower.
The index is currently down 1.6%.