Mixed retail sales in May as consumers tighten

11:41 am ET Jun 7, 2007

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Mixed retail sales in May as consumers tighten

CHICAGO
The nation's largest retailers mostly recovered in May after April's
disastrous sales, but the results reported Thursday were choppy and
provided evidence that the consumer is tightening.

Bond Report: Benchmark 10-year Treasury yield rises above 5%

NEW YORK
Treasurys sold off sharply Thursday, thrusting the benchmark yield above
5% for the first time since August, on the heels of a global sell-off of
government bonds triggered by foreign rate hikes.

Futures Movers: Oil above $67 as storm, refinery data renew supply
concern

NEW YORK
Crude-oil prices rallied past $67 a barrel Thursday as reports of a
delay in tanker loadings at Oman and a slowdown in U.S. refinery
activity last week renewed concerns about energy supplies.

Gonu eases to a tropical storm as it approaches Iran

HONG KONG
The storm named Gonu eased on Thursday to a tropical storm from a
cyclone on the way to Iran, after it bore down earlier in the day in
Oman, shuttering oil installations and port operations as fierce winds
and torrential rains battered the region.

Market Snapshot: U.S. stocks fall sharply on concerns about rates, oil

NEW YORK
U.S. stocks fell sharply on Thursday, sending the Dow Jones Industrial
Average down 80 points, as mixed May sales from the nation's retailers
and lower jobless claims helped push the yield of a key benchmark bond
above 5%, further challenging the attractiveness of stocks.