Futures edge higher on mixed signals from retail

Thursday, May 16th, 2013 | Finance News

NEW YORK (AP) — U.S. stock futures are moving higher with retailers sending mixed signals about consumer spending.

Also on tap Thursday is government data on housing and jobs.

Dow Jones industrial futures are up 3 points to 15,238. The broader S&P futures have added 0.40 points to 1,654.70. Nasdaq futures are up 3 points to 3,004.

Wal-Mart released a first-quarter earnings report that fell short of Wall Street profit expectations and its outlook sent shares skidding in premarket trading. Shares of Kohl's went in the other direction after the retailer beat expectations.

J.C. Penney and Nordstrom report earnings after the closing bell.

Economists believe that the government will report an upward tick in unemployment benefit claims, and a slower pace for homebuilders, both of which have recovered throughout the year.

Source