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 16,912.11 -70.48 -0.42%
Nasdaq 4,442.70 -2.21 -0.05%
S&P 500 1,969.95 -8.96 -0.45%
Treasuries 2.46 -0.03 -1.16%
Data as of 5:03pm ET
Company Price Change % Change
Frontier Communicati... 6.79 0.85 14.31%
Windstream Holdings ... 11.83 1.30 12.35%
AT&T Inc 36.59 0.94 2.64%
CenturyLink Inc 39.90 2.19 5.81%
Bank of America Corp... 15.34 -0.16 -1.03%
Data as of 4:03pm ET
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