Stock futures point lower ahead of economic data

Financial Crisis Posted on

Wall Street appeared ready to give back some of last week's big gains Monday as investors, uneasy about the holiday shopping season, awaited some key economic reports.

Initial reports about the start of holiday shopping pointed to sales that were better than some retailers and analysts expected, but showed that consumers are extremely cautious and likely to wait for the lowest prices. Analysts are still forecasting a very difficult season.

Wall Street is well aware that without strong consumer spending, the economy will continue to languish. Any signs of further weakening in consumers' willingness to shop is likely to unnerve the market.

According to preliminary figures released by RCT ShopperTrak, a research firm that tracks total retail sales at more than 50,000 outlets, sales rose 3 percent to $10.6 billion on Black Friday — the day after Thanksgiving that is traditionally one of the biggest shopping days of the year. The trade group is expected to release data for the combined Friday and Saturday period on Monday.

Legal News Media

Legal News is the top headline legal news provider for lawyers and legalprofessionals. Read law articles and breaking news from law firm's across the United States to get the latest updates. We reserve the right, at our discretion, to change, modify, add, or remove portions of the site at any time. Your This site is solely for your personal use. You are, of course, welcome to print or otherwise copy material from this site for your personal use. However, you may not distribute, exchange, modify, sell or transmit anything you copy from this Site, including but not limited to any text, images, audio and video, for any business, commercial or public purpose. Any unauthorized use of the text, images, audio and video may violate copyright laws, trademark laws, the laws of privacy and publicity and civil and criminal statutes.


American Bar Association – Start and Run a Law Firm – Starting a Law Firm

Lawyer Website Designs