Closing Bell: GlobalStar Soars on Deal Considerations; Retail Sinks Wall Street Again

Stocks end the session mixed after Nordstrom and J.C. Penney become the latest retail names to report on a weak quarter.

Author:: Keris Alison Lahiff
Publish date:: May 12, 2017 4:25 PM EDT

Stocks ended the session mixed after Nordstrom (JWN) - Get Report and J.C. Penney (JCP) - Get Report became the latest retail names to report on a weak quarter. Macy's (M) - Get Report and Kohl's (KSS) - Get Report reported quarterly disappointments earlier in the week. The Dow Jones Industrial Average closed lower for the fourth time this week. Crude oil ended roughly flat even after another rise in the number of active oil rigs in the past week. The number of active rigs drilling for crude rose by 9 to 7.12. AstraZeneca (AZN) - Get Report climbed following positive findings for its treatment for patients with locally-advanced non-small cell lung cancer. A clinical study indicated the treatment reduced the risk of progression or death in patients. GlobalStar (GSAT) - Get Report surged on reports the company is contemplating a possible sale. Earlier this week, fellow telecom Straight Path Communications (STRP) got a big boost from a bidding war between Verizon (VZ) - Get Report and AT&T (T) - Get Report .