In this Tuesday, Nov. 13, 2012 photo a woman pushes a shopping cart away from the entrance of a Walmart store in North Kingstown, R.I.Wal-Mart Stores Inc. is reporting a 9 percent increase Thursday Nov. 15, 2012 in third-quarter net income as the world's largest retailer continues to woo back shoppers by reemphasizing that it has the lowest prices. (AP Photo/Steven Senne)
November 15, 2012 - 5:36 AM
NEW YORK, N.Y. - U.S. stock futures are mixed as a pair of retail giants post better-than-expected profits but saw revenue fall just short of expectations.
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 per cent. Its expectations for the current quarter fell short of Wall Street expectations. Target reported rising profit but said comparable store sales rose 2.9 per cent, which is slower than last year.
The Labor Department said Superstorm Sandy drove U.S. weekly unemployment aid applications up to 439,000.
News from © The Associated Press, 2012