Market Wrap for Thursday, May 16: A Small Pullback For U.S. Stocks as Economic Data Disappoints
May 16, 2013 at 16:17 PM EDT
Stocks pulled back late on Thursday as bullish sentiment could not overcome disappointing economic reports. Initial jobless claims, housing starts and a reading of the Philadelphia Fed's Business Outlook Index all surprised to the downside. Although it is far too early to predict a correction in the market, investors who have