Insurances.net
insurances.net » Wholesale Business » US Stock Futures Lower With Retailers In Focus
Home Business Small Business Wholesale Business Business agency Global Economy
]

US Stock Futures Lower With Retailers In Focus

US Stock Futures Lower With Retailers In Focus

Author: guccishoes

U.S. stock futures were pointing to a softer start for Wall Street on Thursday, with weaker overseas markets setting the tone, while investors await key December sales results from retailers. Futures for the Dow Jones Industrial Average fell 42 points to 10474, while those for the Nasdaq 100 fell 7.25 points to 1871.21. Futures for the S&P 500 dropped 5.4 points to 1127.70. gucci man shoes U.S. stocks nearly stalled at the finish on Wednesday after minutes from the Federal Reserve's last policy-setting meeting pointed to continuing concern about the housing market. The Fed minutes also indicated that recent signs of an improving economy haven't swayed member opinion that recovery will be gradual and inflation will remain tame. cheap gucci shoes The Dow Jones Industrial Average gained 1.66 points, while the S&P 500 added less than a point, while the Nasdaq Composite fell 7.62 points. Ahead of Friday's heavy roster of economic data, including the all-important nonfarm payroll figure for December, weekly jobless claims will be released at 8:30 a.m., EST. The Automatic Data Processing Inc. (ADP) employment report released Wednesday revealed a loss of 84,000 jobs in the private sector in December, the 23rd decline in a row, but the fewest jobs lost since March 2008. Economists surveyed by MarketWatch are looking for the government report to say payrolls rose 15,000, the first gain in two years. gucci shoes Meanwhile, analysts are expecting last-minute shopping and post-holiday bargain hunting will result in positive surprises for U.S. retailers on Thursday. Among the first to report was Costco Wholesale Corp. (COST), which said December same-store sales rose 9%. "Bargain-hungry consumers that had postponed shopping (hoping) for deals returned to the stores" and also surfaced online, said Morgan Stanley (MS) analyst Michelle Clark. They "realized the widespread discounting that characterized 2008 holiday was not to be in 2009. Waiting was no longer an option." Outside of retailers, stocks in focus for Thursday include Kraft Foods Inc. (KFT) and Hershey Co. (HSY). The Wall Street Journal reported late Wednesday that Cadbury PLC (CBY) board members have quietly reached out to Hershey to encourage a rival offer in their effort to resist a hostile takeover from Kraft. In Europe, auto makers paced an early dip, though U.K. supermarket chain J Sainsbury PLC (JSAIY, SBRY.LN) climbed on stronger-than-forecast sales. London markets are awaiting an interest-rate decision from the Bank of England at 7 a.m., EST. Policymakers aren't expected to make a change to monetary policy, including the central bank's money-creating asset-purchase plan. Asia markets fell, with China's Shanghai Composite finishing down nearly 2% after the People's Bank of China made a move that raised fears interest rate rises could come sooner than expected.About the Author:
Amazing Strategies To Sell Ebooks On Ebay Planning Your Outdoor Water Fountain For Spring Hong Kong Shopping: From Trendy Retailers To Bargain Bazaars, Hong Kong Has It All Technology Strategy Strategic Alignment and Achieving Target The Happy Bride - An Online Directory For Brides Planning Ontario Weddings Creative Strategic Thinking for Your Leadership Role Drop Shipping Tips For Online Retailers The Business Of Running A Business- Basic Principles To Follow HDTV: Planning to Buy One? Dream Wedding Planning For Cheap Become Rich With Trading Are Your Planning Your Wedding? Hire A Wedding Planner
Write post print
www.insurances.net guest:  register | login | search IP(54.210.83.20) / Processed in 0.012294 second(s), 6 queries , Gzip enabled debug code: 2 , 3103, 496,
US Stock Futures Lower With Retailers In Focus