Investors are coming off a fourth straight losing session on Thursday for the Dow Jones Industrial Average.
Meanwhile, weaker-than-expected wholesale prices data, a sign of easing inflation, failed to shield investors from ongoing concerns of a downturn ahead — particularly as a handful of stocks continue to carry the market.
Investors are anticipating preliminary consumer sentiment data on Friday, set to release after the open. Economists polled by the Dow Jones are expecting a May reading of 63.0, which would be lower than the level of 63.5 in the previous reading. Now might be a good time to take inventory of your holdings, especially on the fixed income side, and perhaps consider moving toward longer-dated bonds in preparation for the day the Federal Reserve will soften its policy.
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