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US Equity Markets Close Mixed Friday
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US Equity Markets Close Mixed Friday
May 17, 2024 1:35 PM

04:17 PM EDT, 05/17/2024 (MT Newswires) -- US equity markets ended mixed Friday, with the Dow Jones Industrial Average sitting around the 40,000 mark again after hitting a record high in the previous day.

* The Conference Board's Leading Economic Index fell by 0.6% in April after a 0.3% drop in March, with negative contributions from five of the 10 components of the index, particularly business conditions expectations and Institute for Supply Management new orders.

* State-level data from the Bureau of Labor Statistics showed that the unemployment rate fell in five states in April, rose in two states and held steady elsewhere. The largest declines were in Arizona, Maine, Mississippi, and Montana.

* June West Texas Intermediate crude oil closed up $0.82 to $80.05 per barrel, while July Brent crude, the global benchmark, was last seen up $0.70 to $83.97.

* GameStop ( GME ) shares dropped nearly 20% after the company reported preliminary results that pointed to a sharp year-over-year decline in fiscal Q1 sales while also saying it may sell up to 45 million of its class A shares.

* Banco de Sabadell's second-largest investor, Mexican billionaire David Martinez, supports Banco Bilbao Vizcaya Argentaria's ( BBVA ) hostile takeover proposal, Bloomberg reported. Shares of BBVA were up 1.1%.

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