Stocks headed for a flat open on Thursday after data on weekly jobless claims and May retail sales raised worries that the pace of recovery would be sluggish.
Sales at U.S. retailers rose in May and the number of workers filing new applications for jobless benefits fell for a fourth straight week last week, according to official data on Thursday that suggested the recession was abating.
Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
Sales at U.S. retailers rose for the first time in three months in May as expected, lifted by strong gasoline and building material receipts, according to a government report on Thursday that bolstered views the recession was abating.
Wall Street was set to open flat to higher on Thursday, with investors eyeing retail sales and weekly jobless data for fresh insight into the state of the recession-hit economy.
Wall Street was set to open flat on Thursday, with investors eyeing retail sales and weekly jobless data for fresh insight into the state of the recession-hit economy.
Liz Claiborne Inc is not expecting a return to the days of freewheeling consumer spending to lift its business, but is instead revamping operations to perform well in a cautious environment its chief executive says is the new normal.
Asian shares fell on Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.
A nationwide index of non-manufacturing economic activity is expected to show activity slowed in May, but less so than in April, according to economists polled by Reuters.
Japanese factories raised output by the most in nearly 60 years last month and India grew faster than expected in the March quarter, Friday data showed, further evidence the global economy may have turned a corner.
U.K. retail sales in April bounced higher than expected, showing signs that the recession is easing.
Release Explanation: This report covers the number of new residential Starts and residential Building Permits issued each month, reported on an annualized basis.
Stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
U.S. stocks are likely to hit more speed bumps this week as investors become more wary of Wall Street's ability to rally further and housing starts, jobless claims and other indicators are in the spotlight.
The European Central Bank (ECB) said Thursday the recession in the EU member states would be twice as bad as it projected.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, government data showed on Thursday, pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
World stocks fell for a fourth straight day on Thursday while the low-yielding dollar and yen advanced as weak U.S. retail sales data prompted investors to cut back on risky assets after their nine-week rally.
Asian stocks took a hit on Thursday as weak U.S. retail sales underscored the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
Asian stocks fell on Thursday as weak U.S. retail sales highlighted the long road to economic recovery, prompting profit-taking on winning bets in equities, higher-yielding currencies and commodities over the past two months.
Stocks tumbled on Wednesday as a gloomy retail sales report revived recent anxiety about the economy's struggle and caused a broad sell-off that accelerated late in the session.
Sales at U.S. retailers fell for a second straight month in April as cash-strapped consumers held back on purchases, government data showed on Wednesday, denting hopes the economy would soon emerge from recession.
