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Market News


European Markets

European markets are called to open higher.

Asian Markets

Asian markets are trading lower.

US Markets

After a one-day respite, U.S. stocks plunged sharply yet again Wednesday as investors were confronted with mounting fears about Europe’ ongoing debt crisis, this time in France. The Dow Jones industrial average (INDU) lost 520 points, or 4.6%, to 10,720. The index ended the day near session lows. Futures now trading higher in the US.

Events this week

Thursday – Investors will get the Labor Department’ weekly jobless claims report and U.S. trade balance figures at 8:30 a.m. ET. The number of people filing for unemployment benefits is expected to climb to 409,000 and economists expect the U.S. will post a $48 billion trade deficit for June.

Companies reporting on Thursday include chip maker Nvidia (NVDA), and retailers Kohl’ (KSS, Fortune 500) and Nordstrom (JWN, Fortune 500).

Friday – The Commerce Department will release its July retail sales report at 8:30 a.m. ET. Economists are looking for retail sales to climb 0.5%, or 0.2% excluding volatile car and truck sales.

Also out on Friday is the University of Michigan’ consumer sentiment reading for August and the Commerce Department’ June business inventory report.

JC Penney (JCP, Fortune 500) will report its quarterly results, with analysts expecting the retail chain to post a profit of 6 cents a share.