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While much of the market was focused on weakness in the Dow and S&P 500, the Fast traders were very impressed by gains in the semiconductor space.
Despite those strong sales gains, why aren’t their stocks moving much to the upside?
Retail is a 'lead indictor for the S&P' and the broader market, David Berman, president of the retail-based hedge fund Durban Capital, told CNBC on Wednesday. 'Everyone gets excited about department stores, the problem is that they are really on a long-term death spiral.'
S&P futures had dropped a point or so as initial jobless claims for the week came in a bit heavier than expectations, 436,000 vs. 422,000 consensus. Prior week was revised upward to 410,000, from 407,000. Also: good news, nad news for retail.
In the 2002-03 school season, Boise State made about $70,000 in gross royalties from merchandise. Last season, that number had increased ten fold to more than $700,000 after increased exposure from big time wins over Oklahoma in the 2007 Fiesta Bowl and over TCU in the 2010 version of the game.
Futures, which had been trading down all morning, got a small boost when personal spending for July came in a big stronger than expected, but then resumed their downward move.
With little progress on the overall jobs front, the consumer has ultimately remained very cautious, spurring more tepid spending over the past couple of months. Here is a look at the drop in the major retail stocks since the Morgan Stanley Retail Index hit a two-year high on April 26, 2010.
Warm weather, an early Easter and a more confident consumer appear to have boosted retail sales in March, with many of the retailers who have reported results so far topping analysts' estimates.
Shares of Macy's pulled back yesterday after rallying for two weeks, but the department-store chain saw upside option activity after a positive analyst report.
Following are the day’s biggest winners and losers. Find out why shares of Barnes & Noble and Palm popped while Jacobs Engineering and Smith Int dropped.
As of 9:12 this morning, 100% of retailers tracked by Thomson Reuters have reported same store sales. Here is a breakdown of where things stand.
Both the Dow and S&P closed higher on Thursday ending a four-day losing streak after stronger-than-expected retail data boosted economic recovery hopes.
As of 9:15 this morning, 100% of retailers tracked by Thomson Reuters have reported same store sales. Here is a breakdown of where things stand.
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.
CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors, CNBC has learned.
CIT Group's inability to get emergency government funding raises expectations that the commercial lender will file for bankruptcy.
Monthly chain store sales came out this morning. See which companies did well and which did not...
Stock futures are up modestly on better-than-expected jobless claims data and Alcoa’s smaller-than-expected loss.
Following are the day’s biggest winners and losers. Find out why shares of Macy's and Citigroup popped while Allegheny Energy and Lorillard dropped.
Many traders went to bed last night with futures drifting lower and woke up broadsided by a surprising election in India that has pushed up emerging markets.