Stocks end mixed as Nasdaq sinks 1.2%, oil tops $114

Walmart, Target and Home Depot lead retail earnings this week

U.S. stocks trimmed losses ending the session mixed ahead of a barrage of earnings from the nation's biggest retailers and as oil prices ticked higher. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 31500.68 +823.32 +2.68%
SP500 S&P 500 3911.74 +116.01 +3.06%
I:COMP NASDAQ COMPOSITE INDEX 11607.620416 +375.43 +3.34%

The Dow Jones Industrial Average notched a modest 0.08% gain by adding over 27 points. Meanwhile, the Nasdaq Composite slipped 1.2% and the S&P 500 0.4%. Energy and health care stocks rose, while discretionary and technology lagged within the S&P's largest groups. 

Ticker Security Last Change Change %
XLE ENERGY SELECT SECTOR SPDR ETF 71.55 +0.93 +1.32%
XLV HEALTH CARE SELECT SECTOR SPDR ETF 129.22 +2.12 +1.67%
XLK TECHNOLOGY SELECT SECTOR SPDR ETF 133.48 +4.67 +3.63%
XLY CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF 146.93 +5.34 +3.77%

The team at Goldman Sachs, led by David Kostin, warned the S&P 500 could fall another 10% from current levels. 

S&P 500

.

In deal news, JetBlue disclosed it will take its offer for Spirit Airlines directly to shareholders.

Ticker Security Last Change Change %
JBLU JETBLUE AIRWAYS CORP. 8.62 +0.47 +5.77%
SAVE SPIRIT AIRLINES INC. 24.54 +0.71 +2.98%

And McDonald's announced it will exit Russia, selling all of its company-owned shops, which will incur a charge of about $1.4 billion. 

Ticker Security Last Change Change %
MCD MCDONALD'S CORP. 247.90 +4.32 +1.77%

Twitter shares dipped for a seventh session now down over 20% during the time frame. 

Twitter

.

Among the big names reporting will be Walmart and Home Depot on Tuesday; Target, Lowes and TJX Companies on Wednesday; Ross Stores, BJ’s Wholesale Club, and Kohl’s on Thursday; and Foot Locker on Friday morning.

Ticker Security Last Change Change %
HD THE HOME DEPOT INC. 283.83 +8.63 +3.14%
TGT TARGET CORP. 150.42 +3.61 +2.46%
WMT WALMART INC. 123.72 +0.10 +0.08%
BJ BJS WHSL CLUB HLDGS INC 65.42 +3.83 +6.22%
ROST ROSS STORES INC. 77.53 +3.55 +4.80%
FL FOOT LOCKER INC. 29.47 +0.46 +1.59%

Investors will pay close attention to the numbers, and especially guidance, for clues about the health of the consumer and the impact that inflation pressures, supply-chain constraints and a tight labor market are having on profitability.

EX-GOLDMAN CEO SAYS RECESSION POSSIBILITY IS 'VERY HIGH RISK FACTOR'

To date, 459 companies in the S&P 500, or just over 90% of the benchmark index, have posted January through March results, with the numbers coming in well ahead of forecasts.

U.S. stocks were trending lower overnight as the retail sector will be in focus this week with several key names set to report quarterly results. (Courtney Crow/New York Stock Exchange via AP)

RUSSIA MAY BOOST PLATINUM MARKET AS AUTOMAKERS SWITCH FROM PALLADIUM, WPIC SAYS

In energy trading, benchmark U.S. crude rose over 3% to $114.20 per barrel, while Brent, the international benchmark, rose over 2% to $114.24. 

In cryptocurrencies, Bitcoin hovered below the $30,000 level. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The Associated Press contributed to this report.