ANALYST’S TAKE: “The fact the IMF walked out of talks and flew straight back to the States doesn’t help sentiment or give you confidence a deal will be done,” said Evan Lucas, a market strategist at IG. “This will get messy.”
BRIGHT USA: Retail sales climbed 1.2 percent in May, the Commerce Department said. The retail report showed that Americans ramped up their spending on autos, building materials and clothing, a sign that strong job growth is starting to boost sales at stores. The number of Americans seeking unemployment benefits rose slightly last week, yet remains at a historically low level underlining a healthier job market.
WALL STREET: U.S. stocks rose for a second day. The S&P 500 climbed 3.66 points, or 0.2 percent, to 2,108.86. The Dow Jones industrial average increased 38.97 points, or 0.2 percent, to 18,039.37. The Nasdaq composite rose 5.82 points, or 0.1 percent, to 5,082.51.
ENERGY: Benchmark U.S. crude was down 24 cents to $60.53 per barrel in electronic trading on the New York Mercantile Exchange. The contract closed 66 cents lower at $60.77 a barrel in Nymex floor trading on Thursday. Brent crude, a benchmark for international oils, fell 20 cents to $65.59.
CURRENCIES: The euro rose to $1.1262 from $1.1246. The dollar weakened to 123.44 yen from 123.55 yen.