Stock futures take a break on soft holiday retail sales

Equity futures point to a lower open when trading begins after four straight sessions of winnings.

Dow Jones futures were lower by 0.2 percent. S & P 500 landings 0.4 per cent and the Nasdaq Composite was 0.5 per cent.


The retail sector hits the premarket with Macy & # 39; s stock down 17 percent after beating the outlook for profits, sales and gross margins as sales declined at the end of December.

Kohls shares fell more than 7 percent as the dealer increased their full-year profit forecast, but said sales declined during the holidays.

Shares in Target and JCPenney were also lower.

Airlines shares also weighed on a large average when American Airlines cut its guidance on a disappointing US market in the fourth quarter.

American Airlines was 7 percent, JetBlue fell more than 4 percent, and the Southwest Airlines stock fell almost 4 percent.

On the economic calendar, weekly unemployed claims fell by a more than expected 1[ads1]7,000 claim to 216,000.

The latest rally in stocks has been driven by optimism over the US-China trade negotiations.

Negotiations between the trade delegations began on Monday and were extended to an unexpected third day on Wednesday, which increased the optimism that an agreement could be reached

A member of the US trade delegation called this week's trade lecture in China "a good day."

In Asian markets on Thursday, China's Shanghai Composite fell 0.4 percent.

Hong Kong's Hang Seng got on a fifth day, which increased by 0.2 percent.

Japan's Nikkei finished the day by 1.3 percent.

The control of European trade was London's FTSE lower by 0.3 percent, Germany's DAX was down 0.4 percent and France's CAC fell 0.8 percent.

Ticker Security Last Change % Chg
I: DJI DOW JONES AVERAGES 23879.12 +91.67 +0.39%
] SP500 S & P 500 2584.96 +10.55 + 0.41%
I: COMP NASDAQ COMPOSITE INDEX 6957.0765 +60.08 +60.08 + 0.87%

Stock hit hit height on Wednesday, after the Federal Reserve released minutes from the December meeting of its powerful betting committee. These minutes confirmed that the US central bank approved a bold approach to interest rate hikes in 2019. The committee agreed on a "limited number" to tighten monetary policy this year in the midst of global uncertainty.


The positive closed Wednesday marked the longest winning four-month winning knit for S&P 500 and two months for the Dow Jones Industrial Average.

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