* U.S. stocks end flat, though Amazon.com, Whole Foods deal
* Dollar index lower after U.S. economic data
* Bond yields also down after data; oil edges higher
(Updates with closing U.S. market levels)
By Caroline Valetkevitch
NEW YORK, June 16 U.S. stocks ended little
changed on Friday, though Amazon.com's deal to buy upscale
grocer Whole Foods Market pressured a wide range of companies
including Wal-Mart, while the dollar and U.S. Treasury yields
dipped after disappointing economic data.
Energy shares offset the declines in consumer names, with
the S&P energy index rising 1.7 percent and oil prices
ending higher on the day.
The Amazon deal sent shockwaves through the food
distribution market and others, hurting stocks like Wal-Mart
Stores, which slid 4.7 percent, grocer Kroger,
which tumbled 9.2 percent, and Costco Wholesale, which
fell 7.2 percent.
The S&P 500 consumer staples index ended down 1
"It's disrupting a number of industries here, and that's
what's causing the market problems," said Bruce Bittles, chief
investment strategist at Robert W. Baird & Co in Sarasota,
Shares of online retailer Amazon rose 2.4 percent
and Whole Foods shot up 29.1 percent.
The Dow Jones Industrial Average was up 24.38 points,
or 0.11 percent, to end at 21,384.28, the S&P 500 added
0.69 point, or 0.03 percent, to 2,433.15 and the Nasdaq
Composite dropped 13.74 points, or 0.22 percent, to
MSCI's index of stock markets across the world
rose 0.3 percent, while European shares
added 0.6 percent, rebounding from recent losses.
In the foreign exchange market, the U.S. dollar fell
against a basket of key currencies after the day's data, which
raised concerns about spending. It was last down 0.3 percent
after the day's data.
U.S. homebuilding fell for a third month in May to the
lowest in eight months as construction activity declined
broadly, while the University of Michigan said its barometer of
U.S. consumer sentiment unexpectedly fell in early June.
The Japanese yen rose against the dollar, reversing
course after sliding to a two-week low, when the Bank of Japan
left its mass money printing program unchanged, maintaining the
contrast with the Federal Reserve, which signaled further
tightening this week.
The weaker-than-expected U.S. data also weighed on U.S.
Treasury yields as it fueled uncertainty about the U.S. rate
Benchmark 10-year Treasuries were last up 2/32
in price to yield 2.155 percent, compared with 2.162 percent
"There are some very serious concerns about the Fed
tightening right now and about the Fed reducing their balance
sheet right now. We're potentially prompting a recession here,"
said Stephen Massocca, senior vice president at Wedbush
Securities in San Francisco.
Oil prices staged a modest rebound as some producers reduced
exports and U.S. rig additions slowed.
Brent crude futures rose 45 cents to settle at
$47.37 per barrel, while U.S. crude settled at $44.74, up
28 cents. Both benchmarks notched a weekly loss exceeding 1.6
For Reuters Live Markets blog on European and UK stock
markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarket
(Additional reporting by Sam Forgione and Richard Leong in New
York, Marc Jones in London and Nichola Saminather in Singapore;
Editing by Bernadette Baum and James Dalgleish)