- U.S. stock index futures fell on Thursday after a surprise drop in China’s retail sales signaled a bumpy economic recovery, with investors now turning to the next set of quarterly bank earnings and economic data to gauge the pace of a domestic rebound.
FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson U.S. retail sales for June and weekly jobless claims, both due at 8:30 a.m. ET, are likely to show the economy continuing to limp out of a coronavirus-driven slump as several states eased lockdowns from May.
But a recent surge in domestic coronavirus cases have forced states such as California to shut down again, sparking fears of more economic damage and slowing the pace of a Wall Street rally. Stock markets in Asia and Europe fell earlier in the day after data showed China's retail sales fell 1.8% in June. Stocks in mainland China
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Source: BusinessInsider - 🏆 729. / 51 Read more »