Stocks trade in narrow range after jobless claims dip, housing starts riseSeptember 17th, 2009 Stocks zigzag as jobless claims dipNEW YORK — Stocks zigzagged in tight range early Thursday after the government said weekly jobless claims dipped unexpectedly and housing starts grew at a slightly slower pace than anticipated. Major indexes have risen this week on signs the economy is recovering and exiting a long-running recession.
US stocks gain on Bernanke optimism, retail salesSeptember 15th, 2009 NEW YORK - US stocks climbed to new highs for 2009 as retail sales gained by the most in three years and Federal Reserve Chairman Bernanke said the country's recession was "very likely" at an end. Bernanke said there was general agreement among economists that the US would return to growth in the third quarter of this year and continue to pick up in 2010.
Stocks bounce up after recent losing streak, gain in early going on jobs and retail sales dataSeptember 3rd, 2009 Stocks move higher after jobs data, retail salesNEW YORK — Stocks moved higher in early trading Thursday, breaking a four-day losing streak after the latest reading on the jobs market and mixed retail sales reports. The moderate gains in stocks came as the Labor Department said the number of people filing for unemployment claims fell last week by 4,000 to 570,000.
Stocks turn lower in early trading after weak retail sales, jobs reportsAugust 13th, 2009 Stocks edge lower after jobs, retail dataNEW YORK — Stocks turned lower in early trading Thursday as disappointing reports on jobs and retail sales deflated some of investors' optimism about the economy. Investors sent the major indexes slightly higher at the opening, but stocks failed to hold on to the gains and extend Wednesday's big rally, which followed upbeat comments from the Federal Reserve.
European stocks pare gains after downbeat US data prompts early Wall Street reverseAugust 13th, 2009 European stocks pare gains after downbeat US dataLONDON — European stock markets trimmed gains Thursday as Wall Street opened lower after disappointing U.S. retail sales data reined in optimism about the speed of recovery in the world's largest economy.
Summary Box: Retail sales drop unexpectedly as consumers keep wallets closedAugust 13th, 2009 Summary Box: Unexpected drop in retail salesWHAT HAPPENED?: Retail sales fell unexpectedly in July, while first-time claims for jobless benefits rose slightly last week. The reports raised concerns about the ability of consumers to fuel a broad economic recovery.
Stocks open slightly higher after retail sales, weekly unemployment reports, Wal-Mart earningsAugust 13th, 2009 Stocks creep higher after jobs, retail dataNEW YORK — Stocks are pushing moderately higher after a better-than-expected earnings report from Wal-Mart helped to offset disappointing data on jobs and retail sales. Investors are hesitantly adding to Wednesday' big gains, which came after upbeat comments from the Federal Reserve.
Stock futures giving up gains after retail sales, weekly unemployment reportsAugust 13th, 2009 Stock futures give up gains on jobs, retail dataNEW YORK — Stock futures gave up some of their gains Thursday after reports on retail sales and jobless claims fell short of expectations. A day after stocks rallied on upbeat comments from the Federal Reserve, new reports showed retail sales fell unexpectedly in July and more workers are filing for unemployment benefits.
Stocks open moderately higher after better-than-expected weekly jobless claims reportAugust 6th, 2009 Stocks open higher after jobless claims reportNEW YORK — New evidence that layoffs are stabilizing is helping to lift stocks in early trading. The Labor Department said Thursday that new claims for unemployment benefits fell to a seasonally adjusted 550,000 last week from an upwardly revised figure of 588,000 in the previous week.
Summary Box: Jobless claims drop in positive sign for economyAugust 6th, 2009 Summary Box: Jobless claims drop as layoffs slowWHAT HAPPENED: The government said Thursday that initial jobless claims fell to 550,000 last week from 588,000 the previous week. While still high, new claims have dropped by about 50,000 in the past month.
Stock index futures trading in narrow range after jobless claims, retail sales reportsJune 11th, 2009 Stock index futures trading in narrow rangeNEW YORK — Stock futures are trading in a narrow range after a better-than-expected report on jobless claims and anticipated growth in retail sales. A report on weekly jobless claims shows only 601,000 workers filed jobless claims for the first time last week, better than the 615,000 economists had predicted.
Stocks rise moderately after unexpected drop in weekly jobless claims; retail sales mixedJune 4th, 2009 Stocks trade moderately higher on jobs dataNEW YORK — Stocks are moderately higher in early trading as investors weigh an unexpected drop in weekly unemployment claims against mixed sales reports from retailers. Government data show that the number of unemployed workers continuing to receive benefits unexpectedly dropped for the first time in 20 weeks.
Gold prices reverse early decline, rise slightly despite a higher dollarMay 13th, 2009 Gold prices up slightly despite strength in dollarNEW YORK — Gold prices reversed an early decline and finished slightly higher Wednesday, despite some strength in the dollar. Other commodities were mixed.
Unexpected drop in new jobless claims, upbeat retail sales reports send stock futures higherMay 8th, 2009 Futures rise on jobless claims, retail sales dataNEW YORK — Wall Street bounded toward a higher open Thursday as investors got pleasant surprises from the job market and major retailers. Government data showed that new claims for jobless benefits unexpectedly dropped last week to their lowest level since January.
Treasury prices mixed after decline in jobless claims, drop in personal spendingApril 30th, 2009 Treasurys mixed after data on jobless claimsNEW YORK — Treasurys ended mixed Thursday after data showed a surprise decline in jobless claims but also a drop in personal spending. In a positive sign for the economy, the Labor Department said initial jobless claims fell by 14,000 last week to 631,000.
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June 11th, 2009 at 2:06 am
We’ve seen quite a runup in US retail stocks over the last three months, but have run into resistance lately. I expect US retail stocks to trade in a range until retail sales actually move forward, probably not until Q$ 2009.