Market Insider

Wall Street turns back to US data, Fed

Wall Street poised for a comeback

Markets switch their focus to U.S. matters Thursday, with fresh reports on July retail sales, business inventories and weekly jobless claims.

Stocks were rocked Tuesday and Wednesday after China devalued its currency, but by Wednesday afternoon, huge intraday losses were reversed and the market closed mixed and flattish on the day. The Dow was off 40 at 17,402 after an early decline of more than 275. The , which broke through key support level at 2,063, bounced back and closed up 1 point at 2086.

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There are also several major earnings reports including retailer Kohl's, Advance Auto Parts, and Nestle. After the closing bell, earnings are expected from Nordstrom, Applied Materials, Party City, El Pollo Loco and King Digital.