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Stock index futures move to session highs following the big beat on retail sales, SPY...

Stock index futures move to session highs following the big beat on retail sales, SPY -0.1% premarket. Excluding a 4.7% decline in gasoline sales, retail spending grew 0.6% in April. Bond prices continue their recent slide, the 10-year note off half of a point. The yield may challenge 2% today. TLT -0.9% premarket.
Comments (4)
  • bbro
    , contributor
    Comments (9322) | Send Message
     
    Retail Sales ex Gasoline up 4.9% y-o-y....no recession on horizon...
    13 May 2013, 10:34 AM Reply Like
  • bbro
    , contributor
    Comments (9322) | Send Message
     
    My Retail Sales ex Gasoline to S&P 500 ratio is back to 2007 levels....
    13 May 2013, 10:53 AM Reply Like
  • CaladesiKid2
    , contributor
    Comments (271) | Send Message
     
    Retail Sales were driven primarily by Building Materials (+7.69% to prior year). In contrast, Food & Beverage was flat (+0.35%) and General Merchandise was down (-2.74%) for a combined negative result of -1.18%. How many of us bought building materials versus food, beverage and general merchandise? Which number is more relevant? Keep in mind these results are unadjusted, they do not reflect any probable increase in pricing - particularly food & beverage items.
    13 May 2013, 11:11 AM Reply Like
  • june1234
    , contributor
    Comments (2499) | Send Message
     
    Greek banks are up 30% today following a story bout hedge fund buying and they're insolvent.
    13 May 2013, 01:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
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