US STOCKS-Wall Street drops at end of tough week for retailers

viernes 13 de mayo de 2016 16:36 GYT
 

(Updates to close of market)

* April retail sales rise more than expected

* Nordstrom falls after disappointing quarterly report

* Energy sector weighs on market

* At close: Dow -1.05 pct, S&P -0.85 pct, Nasdaq -0.41 pct

By Noel Randewich

May 13 (Reuters) - U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy quarterly reports from Nordstrom and J.C. Penney overshadowed upbeat April retail sales data.

The decline in the department stores' shares marked the end of a week that highlighted the expanding clout of Amazon.com and the plight of brick-and mortar retailers struggling to keep up with the online seller.

Crude prices slipped as a stronger dollar weighed and investors cashed in on gains from a three-day rally.   Continuación...