Wall Street futures point to a lower open on Thursday after another report showed dismal retail holiday sales. Retail analysts note lower income workers are hurting, and consumers are cutting back on discretionary spending. Wal-Mart reports its same-store sales, or sales at stores opened at least one year, rose 1.7 percent. Without December included, in 2008 the U.S. economy lost more than 1.9 million jobs. President-elect Obama will warn that immediate steps are needed by the government to revive the economy.”]
Source: https://www.bankinfosecurity.com/wall-street-declines-on-economic-news-a-1151