Midday Report: Dow on Track for Day Four of Losses; Consumer Sentiment Rises in May

Stocks moved mostly lower as a rebound in U.S. retail sales put a June rate hike on the markets' radar. The Dow is on track to close with its fourth straight session of losses. Consumer sentiment ticked even higher in May, according to a preliminary reading of the University of Michigan's index. A healthy labor market, slow but steady growth in the U.S. economy, and a booming stock market have created optimism among consumers. J.C. Penney (JCP) - Get Report tumbled after falling short of sales estimates, just the latest retailer to report on a disappointing quarter. Same-store sales declined by 3.5%, five times steeper than expected. Dick's Sporting Goods (DKS) - Get Report moved sharply lower after lowering its previously reported fourth-quarter and fiscal 2017 EBITDA by just over $23 million. The retailer blamed a "computational error."