Stocks: Ending the week with a whimper

Written By limadu on Jumat, 09 Agustus 2013 | 17.42

NEW YORK (CNNMoney)

U.S. stock futures were edging slightly lower Friday. If that trend continues through the session, the major indexes will close with a loss for the week.

Stock market trading is typically muted in August.

"August historically has a slight bearish bias to it and volume is very low," said Ryan Detrick, an analyst at Schaeffer's Investment Research. "So far that is exactly what we've seen."

U.S. stocks ended slightly higher Thursday, though that followed a three-day losing streak.

Despite this week's softer tone, stocks are still up by roughly 18% to 23% this year.

Related: Fear & Greed Index

On the economic front, the Census Bureau will publish its monthly report on wholesale trade at 10 a.m. ET.

Priceline.com (PCLN) shares rose in after-hours trading Thursday after the company posted quarterly earnings that beat expectations.

European markets were looking weary heading into the weekend, moving sideways in morning trading.

Asian markets, which tend to be relatively volatile, also had a rather uneventful Friday.

Tokyo's Nikkei added 0.1%, the Shanghai Composite index edged up by 0.4% and Hong Kong's Hang Seng index rose by 0.7%.

This comes as new data showed inflation remained subdued in China last month. To top of page

First Published: August 9, 2013: 4:56 AM ET


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