Roundup: U.S. stocks waver amid earnings report, data

U.S. stocks fluctuated for the week, as Wall Street digested a batch of earnings report amid economic data.

With no major economic report due Monday and Tuesday, investors shifted their focus from the U.S. Federal Reserve to corporate earnings reports.

After Monday's closing bell, Resolute Energy Corp., a U.S. oil and gas company, said its losses narrowed in the second quarter of 2016. Its shares spiked 16.89 percent to 9.76 U.S. dollars apiece Tuesday.

Shares of Coach Inc., a U.S. luxury retailer, lost 2.24 percent to 40.52 dollars apiece Tuesday despite its fiscal fourth-quarter earnings report that beat market expectations.

U.S. stocks ended mildly higher Tuesday, with the Nasdaq refreshing its record highs of 5,225.48.

After Tuesday's closing bell, the Walt Disney Company reported quarterly earnings of 2.6 billion U.S. dollars for its third fiscal quarter ending July 2, 2016, an increase of 114 million dollars over the prior-year quarter. Diluted earnings per share for the quarter increased 10 percent to 1.59 dollars from 1.45 from a year ago.

The media and entertainment giant's shares rose 1.23 percent to 97.86 U.S. dollars apiece Wednesday after the release of the company's better-than-expected quarterly results.

Shares of Ralph Lauren Corp. soared 8.49 percent to 103.14 dollars apiece Wednesday after the U.S. retail brand delivered quarterly results well above market estimates.

Shares of Michael Kors tumbled 2.79 percent to 48.71 dollars apiece Wednesday on a downbeat sales outlook, even though the handbag seller posted better-than-expected quarterly results.

On Wednesday, U.S. stocks ended lower after wavering in a tight range.

U.S. stocks rallied Thursday, with all three major indices refreshing their new closing highs, as Wall Street digested a batch of positive earnings reports amid economic data.

The Dow Jones Industrial Average rose 117.86 points, or 0.64 percent, to 18,613.52. The S&P 500 increased 10.30 points, or 0.47 percent, to 2,185.79. The Nasdaq Composite Index added 23.81 points, or 0.46 percent, to 5,228.40.

Shares of Macy's Inc. rocketed 17.09 percent to 39.81 U.S. dollars apiece Thursday after the release of the U.S. retailer's better-than-expected quarterly results.

Before Thursday's opening bell, Macy's Inc. reported a net income of 11 million U.S. dollars, or three cents per share for the second fiscal quarter of 2016, compared with 217 million dollars, or 64 cents per share, for the same period last year.

Shares of Alibaba soared 5.08 percent to 91.77 dollars apiece Thursday following the release of the Chinese giant's stellar quarterly results.

The latest data from Thomson Reuters showed that the S&P 500 companies' blended earnings in the second quarter of 2016 are expected to decrease 2.6 percent year on year, while the revenues are forecast to decline 0.5 percent.

U.S. stocks closed mixed Friday, with the Nasdaq Composite Index eclipsing previous day's closing record high, as investors digested a batch of generally negative economic reports.

On the economic front, the Producer Price Index for final demand decreased 0.4 percent in July, seasonally adjusted, missing market consensus of a 0.1-percent gain, the U.S. Labor Department said Friday.

The Commerce Department announced Friday that advance estimates of U.S. retail and food services sales for July were 457.7 billion U.S. dollars, virtually unchanged from the previous month and below market estimates of a 0.4-percent gain.

"The retail sales report confirms the Q2 bounce in consumption but kicks off Q3 on a much weaker than expected note. Strong auto sales buoyed the headline number but appear to have come at the expense of spending on other consumer goods and services," said Sophia Kearney-Lederman, an economic analyst at FTN Financial.

For the week, both the Dow and the Nasdaq rose 0.2 percent, while the S&P 500 added 0.1 percent. Enditem