Stocks are running out of gas, snapping a five-week winning streak. Should investors be concerned the bear is back? Nicole Sinclair and Rick Newman break down today's trading action.
Winners and losers
Stocks dropping ahead of the long weekend include defense firm General Dynamics, Paypal on reports of Apple Pay coming to mobile sites, and Wells Fargo. The big bank is down after UBS initiated coverage and slapped it with a sell rating, noting a high valuation and revenue risks.
Stocks in the green today include homebuilder KB Home rising after earnings; Office Depot, after a judge rebuked the FTC's legal tactics in the Staples/Office Depot merger case; and Tivo, following a New York Times report that the set-top box maker is in talks to get acquired by rival Rovi.
Charting the jobs market
While jobless claims increased slightly from last week, they are still trending down for the year. How long can the labor market sustain its momentum? Yahoo Finance's Justine Underhill has a closer look at the charts.
Under Armour assault
Turning now to the business of sports, one name that's been dominating the billion dollar sports apparel field has been Under Armour - to Nike's chagrin. Here with more is Yahoo Finance writer Dan Roberts.
Looking ahead
Tomorrow at 8:30 a.m. ET, we'll get the third and final reading of fourth-quarter GDP. Economists are expecting that the prior reading of a 1% jump in the holiday quarter will hold.
On Monday, we'll get personal income and outlays data for February, which includes the Fed's preferred measure of inflation - the Core PCE price index, which excludes food and energy prices. Last month we saw a 1.7% jump in the core reading year over year.
Finally, Monday also gives us the pending home sales index for February. Last money we saw a dip of 2.5%, with analysts indicating that a lack of supply is hurting sales.
