Posted on 08/15/2013 3:49:23 AM PDT by John W
MADRID (MarketWatch) — U.S. stock-market futures drifted lower on Thursday after a sharp prior-day selloff. Investors were braced for a deluge of economic data, including weekly jobless claims and the Philadelphia Fed’s manufacturing survey, as well as results from Wal-Mart Stores Inc.
The backdrop for U.S. stocks is weak following Wednesday’s pullback, which drove European markets lower and also left Asian markets tumbling. Japan’s Nikkei slid 2.1%.
(Excerpt) Read more at marketwatch.com ...
The data kicks off with a bunch of reports at 8:30 a.m. Eastern Time: weekly jobless claims, the July consumer price index and the August Empire state index.
Then at 9:15 a.m. Eastern, July industrial production data will be released. The August home builders index and the Philly Fed index are both due at 10 a.m. Eastern.
They will all be well cooked numbers and even then they will be bad.
WalMart was signaling a slow down in consumer spending back in February, so lower earnings should not be a surprise.
Except to the Obamaphiles who seem to have infiltrated almost everywhere. Was going to say, but FR, however they are here too.
So sorry comrade, I’m going to have to put you on the list of those with questionable loyalty to the State, for the childrruun don’t ya know.
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