GDP, retail, jobless data on calendar
David Russell | [email protected]
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.