Futures edge higher on mixed signals from retail

US stock futures edge higher on mixed signals from retailers; new data on housing and jobs due

Associated Press
A late fade on Wall Street; Wal-Mart, Disney slump
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FILE - Specialist Bradley Kessler, left, works with traders on the floor of the New York Stock Exchange in this May 7, 2013 file photo. Financial markets were subdued Thursday May 16, 2013 despite encouraging growth figures out of Japan, as investors paused for breath a day after the main U.S. stock indexes struck record highs. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- U.S. stock futures are moving higher with retailers sending mixed signals about consumer spending.

Also on tap Thursday is government data on housing and jobs.

Dow Jones industrial futures are up 3 points to 15,238. The broader S&P futures have added 0.40 points to 1,654.70. Nasdaq futures are up 3 points to 3,004.

Wal-Mart released a first-quarter earnings report that fell short of Wall Street profit expectations and its outlook sent shares skidding in premarket trading. Shares of Kohl's went in the other direction after the retailer beat expectations.

J.C. Penney and Nordstrom report earnings after the closing bell.

Economists believe that the government will report an upward tick in unemployment benefit claims, and a slower pace for homebuilders, both of which have recovered throughout the year.

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