BUZZ-U.S. STOCKS ON THE MOVE-J.C. Penney, Nordstrom, Apple, Nvidia, ConforMIS, Exco
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were lower on Friday afternoon as a decline in oil prices added to the pressure from consumer stocks after strong April retail sales data was overshadowed by gloomy earnings reports from retailers.
The Dow Jones industrial average was down 0.81 percent at 17,576.38, the S&P 500 was down 0.67 percent at 2,050.2 and the Nasdaq Composite was down 0.31 percent at 4,722.583.
** J.C. PENNEY CO INC, $7.505, -3.78 pct
** NORDSTROM INC, $39.39, -12.91 pct
Department store operators Nordstrom and J.C. Penney both reported a drop in total sales in a quarter marked by weak demand for apparel.
** APPLE INC, $90.31, -0.03 pct
Apple said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move it said would help it better understand the critical Chinese market. Continued...