Stock Market News: Dow Edges Higher

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 Oil utures are falling as the market looks to the OPEC+ weekend meeting where the group is widely expected to keep output cuts in place after the second quarter.

"Softening fundamentals have narrowed the group's decision to one main focus: how long to extend their voluntary production cuts of 2.2 million barrels per day--not whether to extend them," Rebecca Babin, senior energy trader at CIBC Private Wealth US says. "The market has largely priced in a three-month extension of the production cuts and will react negatively to anything lessTechnology was the S&P 500’s worst-performing sector on Friday. Paycom Software, HP Inc., Super Micro Computer, Vistra, NRG Energy, and Hewlett Packard Enterprise were the S&P 500’s worst performing stocks. The iShares Semiconductor ETF was down 3%.Business activity in the Chicago area declined for the sixth month in a row in May, as demand continues to weigh amid a slowing economy, according to a survey published Friday

The Chicago Business Barometer, compiled by MNI Indicators, dropped to 35.4 in May from 37.9 in April, defying expectations for an increase to 41.1.."

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