Stock Market Update

[BRIEFING.COM] The status of the major indices remains mixed and little changed, much like it has been most of the day, so it will be interesting to see if there is some speculative jockeying in the final half hour in front of the weekend.

Notwithstanding today's lackluster trade, there has been some ample movement this week, yet the S&P 500 hasn't really gotten anywhere. It is down 0.4% for the week, while the Nasdaq Composite is down 0.2% for the week.

There is strong potential for greater movement next week, not only because of what might come out of this weekend's meeting between U.S. and China officials, but also because next week features a slate of important economic releases that includes the April CPI, Retail Sales, and PPI reports.