U.S. equities finished mixed and near the flat line heading into the weekend, as early upbeat sentiment surrounding U.S.-China trade optimism and positive economic data was tempered by caution ahead of a number of key central bank meetings next week. Retail sales came in above expectations and scored a sixth-straight month of gains and consumer sentiment bounced off a near three-year low. Treasury yields were solidly higher and the U.S. dollar ticked lower, while crude oil prices declined and gold was also down. News on the equity front was light, as Broadcom topped earnings forecasts but the Street scrutinized its outlook.

The Dow Jones Industrial Average (DJIA) rose 37 points (0.1%) to 27,220, the S&P 500 Index lost 2 points (0.1%) to 3,007 and the Nasdaq Composite declined 18 points (0.2%) to 8,177. In moderate volume, 812 million shares were traded on the NYSE and 1.9 billion shares changed hands on the Nasdaq. WTI crude oil moved $0.24 lower to $54.85 per barrel and wholesale gasoline was unchanged at $1.55 per gallon. Elsewhere, the Bloomberg gold spot price declined $11.70 to $1,487.56 per ounce, and the Dollar Index—a comparison of the U.S. dollar to six major world currencies—was down 0.1% at 98.21. Markets were higher for the week, as the DJIA increased 1.5%, the S&P 500 Index gained 1.0% and the Nasdaq Composite advanced 0.9%.

Advance retail sales for August rose 0.4% month-over-month (m/m), versus the Bloomberg forecast of a 0.2% increase, and July’s 0.7% rise was upwardly-revised to a 0.8% gain. Last month’s sales ex-autos were flat m/m, compared to expectations of a 0.1% gain and July’s unrevised 1.0% increase. Sales ex-autos and gas ticked 0.1% higher, compared to estimates of a 0.2% gain, and July’s unadjusted 0.9% increase. The control group, a figure used to calculate GDP, increased 0.3%, matching projections, and compared to July’s downwardly-revised 0.9% increase.

This was the sixth-straight month of gains as strong sales of autos and building materials, along with continued solid online activity, led the way to more than offset some weakness in clothing and furniture sales, as well as a drop for department stores.

The September preliminary University of Michigan Consumer Sentiment Index rose to 92.0 from August’s read of 89.8, and north of the 90.8 expectation. After the index posted the lowest level since October 2016 in August, it rebounded as both the current conditions and expectations components of the index gained ground. The 1-year inflation forecast ticked higher to 2.8% from 2.7%, but the 5-10 year inflation forecast fell to 2.3% from the previous 2.6% rate.

The Import Price Index declined 0.5% m/m for August, matching projections, and following July’s downwardly-revised 0.1% increase. Compared to last year, prices were down 2.0%, in line with forecasts and compared to July’s downwardly-revised 1.9% fall.

Business inventories rose 0.4% m/m in July, above forecasts of a 0.3% gain, and versus June’s unadjusted flat reading.

Treasuries were solidly lower following the data, as the yield on the 2-year note rose 7 basis points (bps) to 1.80%, while the yields on the 10-year note and the 30-year bond jumped 12 bps to 1.90% and 2.38%, respectively.

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