Lacking leadership, stocks limp to mixed close


Stocks ended mixed, with the Dow rising for the fifth straight session and the S&P 500 poking through the 1,900 mark while trading within a tight range, as disappointing April retail sales were offset by an upward revision for the prior month and an upbeat gauge of small business sentiment.

However, small-cap and tech stocks limped to losses, dragged down by the usual recent suspects among internet and biotech momentum names; the Russell 2000 tumbled 1.1% and the tech-laden Nasdaq shed 0.3%.

For the second day in a row, participation was well below average, with less than 600M shares changing hands at the NYSE.

Treasury prices rose along with equities, pushing the 10-year yield down 5 bps to 2.614%.

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