(Reuters) - NEW YORK, May 10 - U.S. stock index futures suggested a lower start on Thursday, with consumer shares likely to sag after most retailers reported weaker-than-expected monthly sales figures.
Retail stocks have been the laggards as the rest of the stock market has rallied for most of April and May. April sales forecasts for retailers were set low based on Easter falling early and unfavorable weather in April, but many companies still disappointed analysts' expectations.
Read more at Reuters.com Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment