Market News

November 29, 2012  Thu 1:45 AM CT

Today's calendar draws attention back to the U.S. economic data.

More than a dozen retailers will report November comparable-store sales in the pre-market session, which will likely affect sentiment toward consumer-discretionary stocks. Early results from the holiday shopping season have been strong so far.

Initial jobless claims are scheduled for 8:30 a.m. ET. Economists forecast a decline to 390,000 from 410,000 last week. A significantly lower reading could boost sentiment, while a higher figure could be bearish.

The Commerce Department will release its second estimate for third-quarter gross domestic product at the same time. Forecasts look for the figure to be revised up to 2.8 percent from the 2 percent announced earlier.
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