The weak report underscores the worry that consumer demand remains soft, denting the hopes for a rebound that has fueled the rally in stocks. Stocks have come under pressure this week on weaker-than-expected reports on consumer activity.
The Dow Jones industrial average <.DJI> dipped 76.79 points, or 0.82 percent, to 9,321.40. The Standard & Poor's 500 Index <.SPX> lost 8.64 points, or 0.85 percent, to 1,004.09. The technology-laced Nasdaq Composite Index <.IXIC> dropped 23.83 points, or 1.19 percent, to 1,985.52.
NYMEX-NEW YORK, Aug 14 (Reuters) - U.S. crude oil futures ended down more than 4 percent on Friday as weak consumer confidence data sparked concerns over oil demand and worries about the strength of the economic recovery.
On the New York Mercantile Exchange, September crude
CBOT-SOYBEANS - August
Led lower by plunging spot August amid deliveries of 227 lots on that contract. Disappointing NOPA crush figure adding to the bearish sentiment along with good U.S. crop weather and falling crude oil.
National Oilseed Processors Association reported July soy crush 120.920 million bushels, far below average analysts' estimate for 130.4 million.
CBOT-SOYOIL - August
NOPA reported U.S. July soyoil stocks 2.804 billion lbs, versus June 2,907 billion.
FCPO-JAKARTA, Aug 14 (Reuters) - Malaysian palm oil futures dropped 2.9 percent on Friday as investors pocketed gains after a recent rally, but talk of strong exports limited the fall, traders said.
The benchmark October contract
REGIONAL EQUITIES-BANGKOK, Aug 14 (Reuters) - Shares in Singapore and Malaysia
rose on Friday, with SingTel climbing after a price target upgrade, while palm plantation stocks such as IOI Corp and Sime Darby helped push Malaysia's index to a 14-month high.
Singapore's index <.FTSTI> added 0.7 percent to 2,631.51, with Singapore Telecommunications
IOI Corp
Malaysia's index <.KLSE> ended up 0.2 percent at 1,188.57 after earlier rising to 1,196.46, its highest level since June
26, 2008.
Thailand <.SETI> closed 0.2 percent lower, Indonesia's index <.JKSE> eased 0.4 percent and the Philippine index <.PSI> slid 0.2 percent but Vietnam's <.VNI> rose 0.7 percent, extending its gain into a fifth day.