Sentiment on the ground isn't meshing with the official data when it comes to inflation.» Read More
June 5- Average sales growth at 10 U.S. retailers, including Costco Wholesale Corp and Rite Aid Corp, topped expectations in May for a second month in a row as shoppers headed to malls in droves around the Memorial Day weekend, according Thomson Reuters data.
June 5- Average sales growth at nine U.S. retailers, including Costco Wholesale Corp and Rite Aid Corp, topped expectations in May for a second month in a row as shoppers headed to malls in droves around the Memorial Day weekend, according Thomson Reuters data. The results exclude Gap Inc, one of the index's 10 components.
Some of Thursday's midday movers:
Stocks rose Thursday after the economy contracting in the first quarter but jobless claims falling more than hoped.
U.S. stock index futures pointed to a higher open on Thursday, ahead of a second estimate of first-quarter growth, due at 8:30 a.m. ET.
NEW YORK, May 29- U.S. stock index futures ticked up in low volume on Thursday ahead of data on the labor market and economic growth, with the S&P 500 poised to challenge its record high after falling a couple of points the previous session.
Some of the names on the move ahead of the open.
Costco reported third-quarter results below analysts' estimates hurt by an increase in merchandise costs and other expenses.
May 28- Warehouse club operator Costco Wholesale Corp reported third-quarter results below analysts' estimates hurt by an increase in merchandise costs and other expenses. Net income for the quarter rose to $473 million, or $1.07 per share, from $459 million, or $1.04 per share, a year earlier.
May 28- Warehouse club operator Costco Wholesale Corp reported a 7 percent rise in quarterly sales, helped by higher comparable sales in the United States. Net sales at the largest U.S. warehouse operator rose to $25.23 billion from $23.55 a year earlier.
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A number of large U.S. retailers, including Costco Wholesale Corp and Victoria's Secret parent L Brands Inc, reported April comparable sales above expectations, helped in part by a later Easter that pushed sales from March, and the end of a harsh winter that had kept many shoppers at home.
Stocks rose on Thursday after upbeat data from China and on the U.S. jobs front.
Central bank comments, retail sales, stabilization in internet stocks and the Cheetah Mobile IPO help markets.