Stocks - Wall Street Falls After Five-Day Rally By Investing.com

Stocks - Wall Street Falls After Five-Day Rally

Stock MarketsJan 11, 2019 09:39AM ET

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Stocks - Wall Street Falls After Five-Day Rally

Investing.com – Wall Street fell after the opening bell on Friday, after five-days of gains.

The S&P 500 fell 13 points or 0.54% as of 9:38 AM ET (14:38 GMT), while the Dow decreased 128 points, or 0.54%, and the tech-heavy Nasdaq Composite lost 37 points, or 0.53%.

Stocks had risen earlier this week on indications that the Fed could pause its stance on policy tightening and optimistic trade negotiations from the U.S. and China. But weak holiday sales from Macy’s (NYSE:M) and cuts in revenue forecasts from American Airlines (NASDAQ:AAL) and others put a damper on investor sentiment.

"We've run up and people seem to be in a wait-and-watch mode before they put more money back in," said Mark Grant, chief global strategist at B. Riley FBR Inc.

Apple (NASDAQ:AAPL) fell 0.2% after several Chinese retailers slashed iPhone prices, while Starbucks (NASDAQ:SBUX) was down 3.4% after Goldman Sachs said the company could release a warning about business in China. The broker downgraded its recommendation to neutral from buy.

Activision Blizzard (NASDAQ:ATVI) stock tumbled 12% after the company said it would transfer the rights to its Destiny franchise to Bungie.

Elsewhere Netflix (NASDAQ:NFLX) rose 2.6% while General Motors Company (NYSE:GM) jumped 7.5% on news that its 2018 earnings would be above estimates.

In commodities, gold futures rose 0.07% to $1,288.30 a troy ounce and crude oil decreased 1.5% to $51.77 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.09% to 95.20.

-Reuters contributed to this report.

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US 30 Futures	34,056.0	+133.0	+0.39%
US 500 Futures	4,172.62	+10.12	+0.24%
Dow Jones	34,200.67	+164.68	+0.48%
S&P 500	4,185.47	+15.05	+0.36%
Nasdaq	14,052.34	+13.58	+0.10%
S&P 500 VIX	16.25	-0.32	-1.93%
Dollar Index	91.530	-0.088	-0.10%

Crude Oil WTI	63.08	-0.38	-0.60%
Brent Oil	66.71	-0.23	-0.34%
Natural Gas	2.686	+0.028	+1.05%
Gold	1,776.90	+10.10	+0.57%
Silver	26.032	+0.068	+0.26%
Copper	4.1665	-0.0520	-1.23%
US Soybeans	1,433.25	+15.25	+1.08%

SPDR S&P 500	417.26	+1.39	+0.33%
iShares Russell 2000	224.65	+0.36	+0.16%
Invesco QQQ Trust	342.01	+0.40	+0.12%
Direxion Daily Junior Gold Miners Bull 2X Shares	97.15	+2.12	+2.23%
iShares Silver	24.09	+0.06	+0.25%
ProShares Ultra VIX Short-Term Futures	4.48	-0.13	-2.82%
ProShares UltraPro QQQ	111.81	+0.47	+0.42%

Apple	134.16	-0.34	-0.25%
Alphabet A	2,282.75	-2.50	-0.11%
Tesla	739.78	+0.93	+0.13%
Amazon.com	3,399.44	+20.35	+0.60%
Netflix	546.54	-2.68	-0.49%
Facebook	306.18	-1.64	-0.53%
Bank of America	39.15	+0.41	+1.06%

Stocks - Wall Street Falls After Five-Day Rally

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