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US futures mixed on retailer earnings

Thursday - 11/15/2012, 10:01am  ET

NEW YORK (AP) -- Stock futures are mixed as a pair of U.S. retail giants post better-than-expected profits, but revenue that fell just short.

Dow Jones industrial futures are down 16 points to 12,528. The broader S&P futures are up 1.2 points to 1,354.20. Nasdaq futures have added 3 points to 2,532.50.

Before the opening bell Thursday, shares of Wal-Mart fell more than 3 percent. Its expectations for the current quarter fell shy of Wall Street expectations. Target reported rising profit but says comparable store sales rose 2.9 percent, which is slower than last year.

The Labor Department releases its unemployment benefits report at 8:30 a.m. Eastern time and economists believe the aftermath of Superstorm Sandy drove the number up slightly.

Applications fell in the previous week by 8,000 to 355,000.


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