Stocks: Ending the week with a whimper

  @CNNMoneyInvest August 9, 2013: 7:45 AM ET
sp 500 futures 735

Click on chart to track premarkets

NEW YORK (CNNMoney)

It looks like the trading week might end with a whimper.

U.S. stock futures were edging slightly lower Friday. If that trend continues through the session, the major indexes will close with a loss for the week.

Stock market trading is typically muted in August.

"August historically has a slight bearish bias to it, and volume is very low," said Ryan Detrick, an analyst at Schaeffer's Investment Research. "So far that is exactly what we've seen."

U.S. stocks ended slightly higher Thursday, though that followed a three-day losing streak.

Despite this week's softer tone, stocks are still up by roughly 18% to 23% this year.

Related: Fear & Greed Index, still idling in neutral

Priceline.com (PCLN) shares rose in premarket trading after the company posted quarterly earnings that beat expectations.

J.C. Penney (JCP, Fortune 500) shares fell before the bell, losing ground after gaining 7% Thursday, on reports that the struggling retailer began its search for a new CEO to replace its interim head executive, Mike Ullman.

Shares of Blackberry (BBRY) surged 10% before the markets opened, after Reuters reported that the Canadian smartphone company is looking for a buyer to take it private.

Related: The toughest companies for job interviews

European markets were looking weary heading into the weekend, moving mostly lower in morning trading.

Asian markets, which tend to be relatively volatile, also had a rather uneventful Friday.

Tokyo's Nikkei added 0.1%, the Shanghai Composite index edged up by 0.4% and Hong Kong's Hang Seng index rose by 0.7%.

This comes as new data showed inflation remained subdued in China last month. To top of page



Join the Conversation
Markets
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 1:32pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.