Posted on 11/15/2012 4:27:02 AM PST by John W
MADRID (MarketWatch) — U.S. stock futures edged higher on Thursday ahead of data such as weekly jobless claims and consumer prices, along with high-profile earnings from Wal-Mart Stores Inc. and Target Corp. among others.
However, investors also remained cautious amid fiscal-cliff worries, which weighed on overseas markets.
A heavy lineup of economic data will provide an immediate focus for investors, with weekly jobless claims and consumer prices due up first at 8:30 a.m. Eastern time. Economists surveyed by MarketWatch are forecasting the number of first-time claims for last week at 380,000, while consumer prices are expected to have edged up 0.1% in October.
Two manufacturing surveys are also on tap. At 8:30 a.m. Eastern, the Empire State index will shed light on conditions in the New York region, then at 10 a.m. Eastern, the Philadelphia Fed survey is released.
(Excerpt) Read more at marketwatch.com ...
I wouldn’t think JC Penney could implode without Walmart benefiting.
That’s funny...doesn’t up to me.
Pre-Market : 68.90 -2.41 (-3.38%) 7:33AM EST - Nasdaq Real Time Price
You are right. Futures down 20 at 7:46 a.m. And the foreign exchanges all down significantly, except for the Nikkei.
oh...and the dollar continues to lose value.
As of 7:52 am est. DJIA contract DJZ12 is -172
The “up” at the time of the article was miniscule. Just another example of all information being shaded in favor of The One. Eventually it will be such a disaster that will be impossible.
the market is down around 12,500, oil is down at 85.00 but gasoline is UP even as driving and consumption are down...no market manipulation - BS!
Fools Gold
It was just reported that the eurozone is officially in recession.Plus jobless claims will be up,could be another rough day.
Wal-Mart, whose big wig gave $1 million to a PRO-OBAMA PAC.
It was said in President Johnson’s day, that he viewed the Press as hostile and once said that even if he managed to walk on water, the Press headlines the next day would be “President can’t swim.”
Of course the Democrats of my youth were more like the Republicans of today. Whereas the Democrats of today are so hard core Left that a “truth in advertising” rule would require they re-name to something like the “Socialist Fascist Party” or similar.
And to think we thought we ended the threat of Fascism with the defeat of Adolf Hitler.
Seems to me I am not the only one who said “futures are UP???” See the EURO headline on Drudge for more wonderful news.
Yeah, that number was announced as 439,000. Of course it's always later revised upward. Close enough for government work.
By hook, crook or out-and-out lying, a market rally is going to be fabricated in the next 7-10 days.
Barry cannot afford to have a market collapse at the start of his second term. It will just invite another Rick Santelli rant and reignite the whole Tea Party all over again.
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