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Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
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.
Analysts are expecting a late start to the back-to-school shopping season, and that means that retail sales reports for July, which are due out Thursday morning, will likely be weak.
Plus, Cramer makes the call on retail, commodities, video games and more.
The U.S. economy contracted at a slower-than-expected pace in the second quarter according to the GDP data on Friday, but a sharp drop in consumer spending fanned fears that recovery would be sluggish. Economists Dick Berner at Morgan Stanley and Robert Barbera of ITG told investors what to expect for the following quarter.
The recession has hit a trough and we're past the worst month, said David Kelly, chief market strategist at JPMorgan Funds.
Stocks gained after it was reported that US Q2 GDP shrank less than expected and news that the Obama administration isn't suspending its "cash for clunkers" program. In the meantime, a Chicago group said manufacturing activity had picked up in the region in July, and in fact, was its best reading since September. Read and listen to what the experts had to say...
Some investors remain skeptical about the market rally despite its strong performance in the last few weeks. Anthony Chan, chief economist at JP Morgan’s Private Wealth Management and Bruce McCain, chief investment strategist at Key Private Bank told investors why they should still be investing in equities.
After a century in the business, JC Penney finally made its move to Manhattan with the grand opening of a three story store in Herald Square today. While other big retailers like Macy's and Bloomingdales have been hit by the recession, Penney is relying on the struggling economy to generate its success.
Until last fall we were a nation that shopped until we dropped. Will back-to-school shopping season be a catalyst to get shoppers off the sidelines? An annual survey released today by Deloitte suggests the answer is yes.
As CIT works to avoid bankruptcy, many who track the retail industry are concerned that CIT's troubles will set off a chain reaction that will leave retailers in the lurch during the critical holiday season.
Both the Dow and S&P powered higher after solid results from Intel reinforced hopes for an economic recovery and a rebound in technology spending.
The reports out this morning are very typical of the mixed bag of economic and earnings news: some bright spots, but a lot of uncertainty.
The S&P edged higher on Thursday with investors rotating into beaten down energy names and financials and out of consumer staples and pharma.
Stocks squeaked out another gain Thursday as investors were encouraged by Alcoa's beat and a drop in jobless claims but pharmaceutical and retail stocks dragged.
Stocks opened higher Thursday as jobless claims dropped below a key level and Dow component Alcoa kicked off earnings season with a beat.
A late upturn pushed stocks higher Wednesday as investors rotated into defensive stocks like pharmaceuticals and Alcoa advanced ahead of earnings.
The Dow closed down by triple digits on Thursday with the widespread selling extended for an extra 15 minutes on the NYSE...
Following are the day’s biggest winners and losers. Find out why shares of J.C. Penney and Mosaic popped while Alcoa and Palm dropped.
With one day left in the quarter, the Dow and S&P ended in positive territory as fund managers snapped up winners in an attempt to embellish their portfolios.