Poor retail sales weigh on Wall Street | G.O.O.D

Mountain House Freeze-Dried Food « Wall Street Falls on Economic Worries U.S. Stocks Slump on Rise in Jobless Claims » Sep 04 2008 Poor retail sales weigh on Wall Street Posted by: Joshuah in Economics, tags: employment data, retail sales This is no great surprise, but I’m posting it anyway. Source: FT.com Wall Street stocks were set for their fourth consecutive decline on Thursday as oil prices ticked higher, while investors digested negative earnings and sales figures and anticipated some weak employment data. Shortly before the opening bell, S&P 500 futures were 6.50 points lower than the fair value at 1268.70. Nasdaq futures were down 12.25 points at 1822.00 and Dow futures were down 61.00 points at 11480.00 Retailers will be in focus after a slew of sales figures for August, the middle of the crucial back-to-school period. Nordstrom, Wet Seal, Stein Mart and Bon-Ton Stores all reported larger-than-forecast declines. Ken Perkins, president of Retail Metrics, said: “Back-to-school selling was sluggish the first 3 weeks of August and picked up some toward the end of the month as consumers are shopping closer to need.” Full Story… Related Blogs Related Blogs on employment data Treasurys rise after employment data An Ultimate Lifestyle Secret - The Power Of Accountability Adjusting the Step One Base Figure based on data on employment … Related Blogs on retail sales This entry was posted on Thursday, September 4th, 2008 at 9:54 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States