Excerpt from: US Markets
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| September 03, 2009 | | Weak retail data in August | Back to school sales couldn't jump start the ailing retail sector last month. Indeed, part of that problem is being blamed on the late Labour Day holiday in the U.S., which delayed some school openings. Additionally, there are murmurs that Cash for Clunkers took discretionary spending away as consumers rushed to spend money on new cars.
However, the weaker August sales data still shows less of a decline than what was seen in August. So, even though the data is weak, it's not as weak as it has been. That is what investors are focusing on today, ahead of the U.S. stock market open.
U.S. stock futures are higher right now, indicating that a solid open may be in the cards for today, for the first time all week.
| Topic Tags: back to school, Cash for Clunkers, economic data, economy, retail sales data, stocks, U.S. stock futures, U.S. stock market | |
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