Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
U.S. stock futures point toward a higher opening on Friday as U.S. retail sales beat expectations and prospects of a financial reform bill look dim.
U.S. stock index futures pointed to a higher open on Friday, a day after the S&P hit a 17-month closing high and as retail sales rose unexpectedly in February.
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent.
Online retail sales in the United States could reach $248.7 billion by 2014, growing 60 percent from 2009, according to a study released on Monday.
Bulls may get more room to run this week on the anniversary of the March 2009 lows -- if U.S. stock investors see more signs of stability after Friday's rally on smaller-than-expected job losses.
Bulls may get more room to run next week on the anniversary of the March 2009 lows -- if U.S. stock investors see more signs of stability after Friday's rally on smaller-than-expected job losses.
Crude climbed toward $81 a barrel on Friday, approaching a seven-week high, after signals China will maintain its economic stimulus measures boosted hopes strong growth will help drain excess oil supplies.
World stocks pushed higher on Friday after better-than-forecast U.S. retail sales suggested the world's biggest economy was stabilizing while the dollar held broadly steady ahead of U.S. jobs data.
Asian shares surged on Friday after encouraging U.S. retail sales and jobs data suggested Asia's biggest export market was stabilizing, while the euro remained on the defensive amid the Greece debt crisis.
Crude edged up on Friday, capping two consecutive weeks of trading above $80, after China signaled it would maintain its economic stimulus, rekindling hopes for accelerating growth to drain excess oil supplies.
The number of U.S. workers filing for jobless benefits fell last week, but a surprise drop in pending home sales to a 10-month low in January underscored the uneven nature of the economic recovery.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks rose on Thursday as better-than-expected monthly sales from retailers and a fall in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
Stocks pared early gains on Thursday, hurt as weaker-than-expected energy demand hit the oil and gas sector, offsetting solid February retail sales figures.
U.S. stocks turned negative on Thursday, pulled lower by energy shares as the price of oil fell nearly $1 to $79.94 a barrel.
When Dell Inc reported its fourth-quarter results last month, the announcement included a surprising figure -- an 81 percent jump in the PC maker's China sales during the quarter.
General Motors Co on Tuesday posted a nearly 12 percent gain in U.S. February sales, boosted by a doubling in sales to fleet operators and relatively strong demand for newer crossovers like the Chevy Equinox.
The economy grew a touch more than initially thought in the fourth quarter, but a surprise drop in January home sales to a seven-month low and weaker consumer sentiment underscored the headwinds for the recovery.
The Australian Dollar opens on Monday at 0.8995 after a surprise rate raise in the United States last Friday (local time) sent the greenback soaring against several major currencies.
American consumers say they reduced their spending in January to levels similar to early 2009, when the U.S. economy was still in recession, according to a Gallup poll released on Thursday.