Stocks rebounded from a midmorning slide Thursday after a report showed business inventories continued to shrink as sales jumped, offering the latest indication that the recession is winding down.
There's some positive momentum for Wall Street ahead of Thursday's session. Futures are pointing to a nice pop at the open, following yesterday's strong gains.
Retailers reported disappointing sales in July, a sign that consumers are continuing to watch their spending carefully and hunting for the best bargains.
Retailers: are we reaching the limits of cost cutting? Cautious comments on fourth quarter sales from Saks and Target are weighing on retailers today... Read More