Stocks opened down in mixed trade Friday, pressured by weak March retail sales and April consumer sentiment data.
The Nasdaq slumped 0.4%, the S&P 500 dipped 0.5%. The Dow Jones industrial average held to a 0.2% slip, helped by Home Depot's (HD) 2% advance. Volume was down 29% on the Nasdaq and 9% higher on the NYSE compared with the same time Thursday.
Consumer sentiment slipped this month, sending the University of Michigan's Consumer Sentiment Index to 72.3. That was its worst reading in nine months and far below estimates for an increase to 79.
Leading stocks were mixed, but showing some significant gains.
On the IBD 50, Sinclair Broadcast Group (SBGI) leapt 10% in huge trade. The television station owner and broadcast services provider is up 23% for the week, boosted by its acquisition of Fisher Communications (FSCI), announced Thursday.
Biogen (BIIB) pushed up 4% in strong trade. The drugmaker is working on a seventh straight weekly advance, and has climbed in 10 of 11 weeks since clearing a 155.40 buy point in January.
Proto Labs (PRLB) slipped 4% in three times its average trade. That put it just above a 49.78 buy point, after clearing that entry in a cup base Wednesday.
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