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Stocks set for a higher open after retail sales data, earnings

Posted 7:45 AM 11/05/09 , ,
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U.S. stocks are poised for a weak opening Thursday morning after finishing barely changed Wednesday following the Federal Reserve's statement that it was keeping rates at record low levels. Wall Street wanted a stronger show of confidence in the economy.

Also in focus this morning are retail chain-stores October sales. And earnings from tech giant Cisco (CSCO), which also gave an upbeat outlook could give a boost to tech.

[Update: Futures now point to a higher open following retail sales data, earnings and lower claims numbers.]

More here: Before the bell: Futures drift lower after Fed's statement, Cisco, Toyota climb
Melly Alazraki

Melly Alazraki

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Stock Market Writer and Analyst

Melly Alazraki is a ten-year veteran of the financial world, working internationally for both sell and buy side firms. She's been a contributing editor with BloggingStocks for nearly three years and writes about the stock market and pharmaceutical industry for DailyFinance.

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