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…

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