2:15 PM New York – Stocks on Wall Street struggled and indexes searched for direction after trading near record highs this week. Retail sales in October were ahead of expectations and the latest private measure of consumer confidence also showed an increase.
U.S. market indexes traded sideways after October retail sales were ahead of expectations and the preliminary estimate of consumer survey showed an increase.
Retail sales in September increased 0.3% after falling 0.3% in September, according to the Commerce Department data released in Washington, D.C.
Consumer sentiment increased to 89.4 in November from 86.9 in October, the Thomson Reuters/University of Michigan Index showed.
The increase in the index was ahead of expectations as consumers benefited from the cheaper gas price at pump stations.
In stock market trading, Tollbooth Index slid 0.1% or 9.77 to 9,837.16.
S&P 500 index slid 0.33 or 0.02% to 2,039 and the Nasdaq Composite Index fell 6.78 or 0.04% to 4,646.01.
Baker Hughes Inc (BHI
), the oilfield service provider is in preliminary talk with rival Halliburton Company regarding a potential merger and confirm the media reports on negotiations.
Nordstrom, Inc (JWN
), the fashion specialty retailer reported total net sales revenues in the third-quarter ending in September climbed 8.9% to $3 billion from a same period last year. Comparable sales in the quarter advanced 3.9%.
Net earnings in the quarter jumped 3.6% to $142 million or 73 cents a diluted share compared to $137 million or 69 cents from a same quarter last year.
SINA Corp (SINA
), the online media company said net revenues in the third-quarter ending in September climbed 8% to $198.6 million from a year ago period.
Net income in the quarter plunged 20% to $133.6 million or $1.91 a diluted share compared to $25.4 million or 37 cents from a same quarter last year.
In London trading, FTSE 100 index rose 0.2% or 14.40 to 6,649.85 and in Frankfurt the DAX index edged up 0.06% or 5.65 to 9,254.16.
In Paris, CAC 40 index increased 0.4% or 15.01 to 4,202.96.
In the European corporate news, Airbus net surged 16% to €1.40 billion on 4% increase in revenues. Arkema net tumbled 69% to €20 million. Aggreko revenues in the third-quarter dropped 3%.
Bouygues profit soared 33% to €728 million. London Stock Exchange net jumped 15% to £92 million.
Airbus Group NV
, the France-based aerospace and defense products maker reported revenues in the nine-month ending in September jumped 4% to €40.50 billion from €38.95 billion a year ago period.
Net income in the quarter surged 16% from a year ago to €1.40 billion compared to €1.20 billion and diluted earnings per share slipped to €1.79from €1.51.
New orders in the nine-month dropped to €78.7 billion from €137 billion and as of September order book climbed to €765.4 billion compared to €680.6 billion a year ago period.
, the France-based telecommunications, media and construction group stated revenues in the nine-month ending in September rose 1% to €24.22 billion from €24.09 billion a year ago period.
Net income in the quarter soared 32.8% from a year ago to €728 million compared to €548 million.
The company said order book at the construction businesses remained at a high level of €27.4 billion from a year ago period.
The yen declined to a seven-year low against the U.S. dollar and market indexes traded higher.