Some of the names on the move ahead of the open. » Read More
Taper talk sets in as traders question whether the Federal Reserve will slow down its stimulus program in December.
The Federal Reserve looks set to move sooner rather than later to taper back its bond buying, once more surprising markets that have been repeatedly confused.
It's early, but already we are hearing that third quarter earnings and fourth-quarter guidance will be a disappointment.
"Penney's is just beginning to hurt the department stores," Durbin Captial's Steve Kernkraut says.
Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers.
Check out companies making headlines before the bell Thursday:
Unintended consequences are in part to blame for volatile markets. To paraphrase Donald Rumsfeld, it's not the known unknowns that worry traders, it's the unknown unknowns.
You can't even blame the grim U.S. durable goods number on a statistical fluke. This was the most high profile data point this week, and greatly complicates the taper talk.
Global manufacturing indexes are up, yet retail results are wetting the bed...again.
U.S. stock index futures signaled a slightly higher open on Thursday, as traders digested the latest weekly jobless claims data and some upbeat manufacturing data out of China and the euro zone.
With Saks the latest retailer to disappoint with weaker-than-expected earnings, investors are worried about how the retail sector will fare heading into a heavy week of earnings.
Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.
A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
Stocks closed lower Thursday, after the Dow and S&P 500 briefly touched fresh all-time highs. Meanwhile, the U.S. dollar rose above the key threshold of 100 yen for the first time since April 2009.
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.
After a difficult January, when shoppers first felt the effect of a payroll tax hike that lowered take-home pay by 2 percent, some retailers got a little relief in February from growing employment and a rising stock market.
Many top U.S. retailers reported strong January sales after offering compelling merchandise that drew in shoppers facing a hit to their take-home pay from higher payroll taxes.