Stocks extended gains Thursday afternoon, although were still up modestly, amid subdued trading ahead of the August jobs report on Friday. Home Depot rose, American Express fell.
Retailers turned in surprisingly strong monthly sales reports in August, as sales-tax-free holidays and discounting coaxed shoppers to open their wallets and stock up on back-to-school items.
Discounters and department stores are expected to fare well when retailers issue their monthly sales reports Thursday, as consumers look for one-stop shopping to stock up on school supplies and clothing. Which retailers are heading to the top of the class? A look at analysts' estimates.
Stocks largely ended down Friday, but significantly off earlier losses as the tech-heavy Nasdaq turned slightly higher. The moves were amid light trading and continuing worries about the economic recovery and bearish action in expiring August options. HP fell.
Stocks pared losses Friday, and the Nasdaq turned slightly higher, amid continuing worries about the economic recovery and bearish action in expiring August options. HP fell.
Stocks sank further Friday with little news to change the overall mood of a market worried about a weakening economy. HP and Dell fell.
Price, price, price. There's been a lot of talk about how price-sensitive consumers are these days, but if you had any doubt about how relevant this is to actual shoppers—banish it.
U.S. stock index futures pointed to a lower open Friday in the wake of Thursday's selloff over economic concerns, sparked by weaker-than-expected jobless claims data.
Stocks tumbled Thursday after a series of disappointing economic reports and despite an uptick in mergers and acquisitions activity. The day's downdraft wiped out the weeks gains for the Dow and the S&P 500. Intel and GE fell.
This year, it's not just the parents who are breathlessly waiting for the kids to get back to school. Retailers are on edge, and the question is who will blink first?
Stocks declined Thursday after a series of disappointing economic reports and despite an uptick in mergers and acquisitions activity. The day's downdraft puts the market on pace to wipe out the week's gains. Intel and GE fell.
Stocks extended their losses Thursday after a weak report on manufacturing out of the Philadelphia Federal Reserve and a disappointing report on jobless claims. Intel and GE fell.
U.S. stock index futures pointed to a slightly lower open Thursday after the government reported a bigger-than-expected jump in unemployment claims.
Stocks slipped Friday, but ended off their earlier lows, amid disappointment in the July jobs report. Still, stocks managed to finish solidly higher for the week.
Stocks were sharply lower Friday after a second straight drop in payrolls increased expectations of a slow economic recovery. Financials led the decline. Kraft rose.
S&P futures initially dropped about 10 points following a very poor non-farm payrolls report. July payrolls fell 131,000, more than double the 60,000 decline expected by economists. Government job losses were particularly notable. The key reading of private sector jobs also disappointed the Street (gain of 71,000 vs. gain of 83,000 consensus).
The latest reads on consumer confidence and personal spending have provided little encouragement that shoppers are starting to spend again. However, July marks the start of back-to-school shopping, and since parents have to buy clothing for their growing children, it may give a much-needed boost to retail sales.
With new data showing China's manufacturing is shrinking, the Fast Money desk discusses the best plays in the People's Republic.
As summer comes to an end and students go back to school, the retail industry is preparing for its first big test of the fall semester—picking the right price.
Here's what Ray Harrison from Harrison Financial Group is saying about why the markets seem to be positioned into a sideways trading range.