Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Retail Sales, Ongoing Unemployment, New Claims: 3 Things to Watch

Stock MarketsSep 15, 2021 03:33PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Dhirendra Tripathi

Investing.com -- Stocks bounced higher on Wednesday heading into the final half-hour of trading, boosted by the energy sector as stronger than expected drawdowns in U.S. crude inventories last week sent oil prices 3% higher.

U.S. oil stockpiles fell 6.4 million barrels last week, nearly twice as much as expected, according to data from the Energy Information Administration.

There was also positive data on factory activity. Investors are awaiting Thursday’s retail sales numbers and jobless claims as the Federal Reserve prepares for its periodic policy meeting next week.

Industrial stocks had a strong showing after data showed that factory activity expanded in August, though the pace of that growth was slower because of a new wave of Covid cases and Hurricane Ida.

Among individual stocks, Dutch Bros Inc (NYSE:BROS) jumped 65% after its trading debut as the coffee retailer becomes the latest challenger to Starbucks (NASDAQ:SBUX), which fell 4%.

And “buy now, pay later” firm GreenSky LLC (NASDAQ:GSKY) soared more than 50% after Goldman Sachs Group Inc (NYSE:GS) said it would buy the firm in an all-stock deal valued at $2.24 billion.

Here are three things that could affect markets tomorrow:

1. Retail sales for August

Retail sales are likely to have weakened again in August after they fell in July, though the pace of decline is seen having slowed down. On a month-over-month basis, they are seen 0.8% lower compared to July’s 1.1% erosion, according to analysts tracked by  Investing.com. The data are released at 8:30 AM ET (1230 GMT).

2. Ongoing unemployment

Continuing jobless claims in the U.S., a measure of people receiving unemployment benefits for a while, are expected to rise to 2.785 million in the week ending September 11 from 2.783 million a week before, according to Investing.com.

3. New jobless claims

The number of individuals who filed for unemployment insurance for the first time in the U.S. is also seen rising to 330,000 for the week ending September 11 from 310,000 for the week before.

 

Retail Sales, Ongoing Unemployment, New Claims: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Arnaldo Gonzaga
Arnaldo Gonzaga Sep 15, 2021 6:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lesser than you thought 🤔
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email