Consumer and retail names weighed on markets again to end the week. The Dow Jones Industrial Average and S&P 500 were on track to close with their second weekly loss, and the Nasdaq was set for its fourth.
Consumer sentiment rose to its best level since January, according to a preliminary reading from the University of Michigan. Recent stock market highs and a strong labor market have fueled optimism in recent months.
Deere & Co. (DE) - Get Report declined after posting disappointing quarterly sales. Its full-year forecasts look better, though. Agriculture and turf sales are expected to increase 9%, while construction and forestry revenue is targeted to climb 15%.
It's a brutal day for Foot Locker Inc. (FL) - Get Report after falling short of analysts' estimates. Same-store sales fell 6%, a surprise to analysts looking for a small gain. The retailer said sales of some recent top styles fell short of its estimates.