(MENAFN- ProactiveInvestors) U.S. shares were slightly lower today as downbeat economic data pointed to a lack of momentum in the economy.
The S&P 500 (INDEXSP:.INX) was flat at 2121 at 3:36 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) slipped less than 0.1 percent to 18256 while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) was down 0.1 percent to 5044.
DATA:
Industrial production fell 0.3 percent in April the fifth straight month of declines as reduced mining and utilities output weighed Reuters said. Expectations were for a gain of 0.1 percent.
The University of Michigan's consumer sentiment report came in at 88.6 the lowest in 7 months.
The Empire State manufacturing index rose in May but only barely. The index a first reading of manufacturing conditions in the month inched up to 3.1 from negative 1.2 in April the New York Fed said today.
MOVERS:
Keurig Green Mountain () fell 8 percent to $94.83 after Bloomberg reported that the K-cup coffee pod maker would not make available its new cold brewing system in all it is retail outlets until next year.
El Pollo Loco Holdings (NASDAQ:LOCO) tanked 14.9 percent to $24.73 after the restaurant chain operator projected a full-year profit largely below estimates.
() the world's largest door-to-door seller of cosmetics dropped 1 percent to $7.00 a day after soaring as much as 20 percent on an apparently bogus takeover offer. Avon said it had received no such offer.
King Digital Entertainment (NYSE:KING) fluctuated as the maker of games for social media platforms and mobile devices reported strong first-quarter results but expected changes in foreign currency and a lack of new releases to hurt its gross bookings for the second quarter. The shares were last up 1.3% at $15.19.
() rose 4.7 percent to $614.00 after Bloomberg reported that it was in talks with a company backed by Alibaba's (NYSE:BABA) Jack Ma to enter China.
() advanced 1.3 percent to $20.12 after the provider of manufacturing equipment said its profit rose 39 percent as revenue increased 4 percent in the April quarter.
eBay () fell 1 percent to $59.52 reversing an earlier rally after saying all 15 board members will remain or join PayPal’s board when it spins off from eBay in the third quarter.
() climbed 1.4 percent to $102.06 after Group Inc. upgraded its share recommendation to “buy” from “hold”.
Deere & Co. () declined 3.5 percent to $89.02 after . cut the stock to “underweight” the equivalent of a “sell” rating from “neutral”.
COMMODITIES:
June gold rose 10 cents for the session to settle at $1225.30 an ounce on Comex.
June crude fell 0.3 percent to settle at $59.69 a barrel.
OTHER MARKETS:
European stock markets ended a choppy session in the red today after disappointing U.S. data sent the euro firmly higher and weighed on exporters. The Stoxx Europe 600 dropped 0.4 percent to close at 396.45 ending the week with a 0.9 percent weekly loss.
U.S. Treasury yields extended recent declines with the 10-year yield edging lower to 2.14 percent and the 30-year yield at 2.92 percent.
The U.S. dollar traded mildly lower with the euro stronger at $1.146.
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