Under Armour cut its outlook as it adjusts to the liquidation plan for Sports Authority.
— May 31, 2016
The Conference Board’s Consumer Confidence Index fell in May, providing counterbalance to other bullish readings of shopper sentiment.
Stocks are up modestly following a strong consumer spending report.
The influential MSCI benchmark index might add Mainland stocks, so-called A-shares, to its roster.
Retail and luxury stocks were mostly down.
Fashion, luxury and retail stocks were also choppy in morning trading on Monday.
— May 30, 2016
Japanese shares advanced following remarks from Federal Reserve Chairwoman Janet Yellen suggesting that an interest rate hike would be appropriate. Meanwhile, the yen weakened against the dollar and Japan looks set to postpone a controversial sales hike slated for next year.
The move is considered a response to Fed Chair Janet Yellen’s recent comments indicating that an interest rate rise could be on its way in the coming months.
The University of Michigan’s Index of Consumer Sentiment showed a much more buoyant shopper in May.
— May 27, 2016