Retail Stocks Are Looking A Little Less Positive Than They Did Last Week

Retail Stocks Are Looking A Little Less Positive Than They Did Last Week

First off, I want to wish a Happy Thanksgiving to all. Second, as you probably know, the market will be closed on Thursday for Thanksgiving and will only be open half a day on Friday. I'm going to be celebrating with my family, so there won't be a Market Update on Friday, but I'll be back again on Monday the 29. Equity index futures are pointing to a lower open in what will likely be a low volume day of trading. However, it's a heavy day for economic announcements. The Census Bureau released the durable goods orders which came in at expectations, which suggests that business continues to grow. The U. S. Gross Domestic Product (GDP) confirmed that the economy is growing with a rate of 2. 1% in third quarter. However, it was lower than the 2. 2% forecasted. Inflation is also growing according the Core PCE Prices report that grew in line with expectations at 4. 5%. When accounting for other products outside of the just the core items, prices grew 5. 3% in the third quarter. There was good news for the job market. Jobless claims came in better-than-expected and falling below 200, 000, which is the