Stocks: Lively week ending on fearful note

May 16, 2014: 5:09 AM ET
S&P futures 2014 05 16
Click chart for in-depth premarket data.
NEW YORK (CNNMoney)

A week of records in the markets could end with a whimper, with investor sentiment struggling to recover after taking a big hit Wednesday.

Declining Treasury yields, disappointing quarterly earnings from Wal-Mart (WMT) and a broad sense of fear in the markets has contributed to pushing stocks down.

U.S. stock futures were dipping lower Friday. The major indexes are just below their closing levels from a week ago, a dramatic turnaround from Tuesday when they were hitting new record highs.

Related: Fear & Greed Index

Wall Street is now waiting for the U.S. government to publish housing starts and building permit numbers from April at 8:30 a.m. ET. The monthly Michigan Consumer Sentiment Index comes out at 9:55 a.m. ET.

The main premarket mover Friday is J.C. Penney. (JCP) Shares are soaring by roughly 20% ahead of the opening bell after the company posted quarterly sales that beat expectations and revealed a smaller-than-expected loss.

Nordstrom (JWN) shares also rose in extended trading after the company posted earnings that beat analysts' expectations.

Shares in Verizon (VZ) are rising by about 2% after Warren Buffett's investment firm, Berkshire Hathaway (BRKA), revealed it had purchased a stake worth nearly $530 million in the company.

Related: CNNMoney's Tech30

U.S. stocks fell hard Thursday. The Dow Jones industrial average ended the day down nearly 170 points. The S&P 500 fell nearly 1% and the Nasdaq closed down 0.76%.

Indian markets were shining amid the broader gloom. The benchmark index surged to a record high as early election results suggested a sweeping victory for Narendra Modi and the pro-business Bharatiya Janata Party.

Other Asian markets ended with mixed results, while European markets were relatively flat in morning trading.

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Index Last Change % Change
Dow 17,106.70 29.83 0.17%
Nasdaq 4,570.64 13.29 0.29%
S&P 500 2,000.02 2.10 0.11%
Treasuries 2.39 0.00 0.17%
Data as of 7:54am ET
Company Price Change % Change
Bank of America Corp... 16.33 0.04 0.25%
Apple Inc 100.89 -0.65 -0.64%
Best Buy Co Inc 29.80 0.00 0.00%
General Electric Co 26.01 -0.19 -0.73%
Facebook Inc 75.96 0.94 1.25%
Data as of Aug 26
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