Stocks: Waiting on Wal-Mart earnings

Written By limadu on Kamis, 15 Mei 2014 | 17.42

S&P futures 2014 05 15

Click chart for in-depth premarket data.

NEW YORK (CNNMoney)

The world's largest retailer -- Wal-Mart (WMT, Fortune 500) -- will report before the opening bell. The latest quarterly results and the company's future outlook could give a good indication about how U.S. consumers are faring.

Retailer Kohl's (KSS, Fortune 500) will also report before the open, while J.C. Penney (JCP, Fortune 500) and Nordstrom (JWN, Fortune 500) will report after the close.

U.S. stock futures were vacillating between small gains and losses Thursday morning.

The main premarket mover was Cisco Systems (CSCO, Fortune 500). Shares were spiking by roughly 7% after the firm reported earnings that beat expectations.

Related: Fear & Greed Index

The fast food industry is also in the spotlight Thursday as workers plan demonstrations in 150 cities around the world to protest low wages.

On the economic front, the U.S. government will publish weekly jobless claims at 8:30 a.m. ET. At the same time, the Bureau of Labor Statistics will release its latest consumer price index information.

Federal Reserve chair Janet Yellen will be speaking about small business and the economy during a talk in Washington this evening.

U.S. stocks closed lower Wednesday. The Dow tumbled about 100 points, backing away from three consecutive record closes. The S&P 500 and Nasdaq also closed firmly in the red.

Related: CNNMoney's Tech30

European markets were edging down in morning trading after mixed economic data from big eurozone states. Regional GDP data is due at 5a ET.

Asian markets had a mixed day. The Shanghai Composite index was the biggest mover among the main global indexes, dropping by 1.1%.

Investors in Japan pushed the Nikkei lower, shrugging off an impressive report on strong economic growth in the first quarter. To top of page

First Published: May 15, 2014: 4:57 AM ET


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