NEW YORK (AP) — Wall Street has mounted a losing streak this week. In the latest session, the Dow fell 131 points, or 1.1 percent, to close at 11,823. The S&P was down 14, while the Nasdaq dropped 40 points. Futures trading is up marginally.
BANGKOK (AP) — International stock markets in Asia and Europe headed in opposite directions. Asian stocks fell as Japanese business confidence and Chinese manufacturing both slipped. European shares rose in early trading when data showing the region’s economic output contracted less than anticipated. Benchmark crude oil rose to near $96 per barrel.
UNDATED (AP) — There’s plenty of economic data due for release today. The reports on tap include weekly jobless claims, industrial production and the Producer Price Index.
NEW YORK (AP) — Americans aren’t finished with their holiday shopping just yet. That’s according to the National Retail Federation, which says it expects holiday sales for the November-December period to rise 3.8 percent to a record $469.1 billion. The trade group previously had projected a rise for that period of a more modest 2.8 percent.
WASHINGTON (AP) — A record number of Americans have fallen into poverty or are just getting by. The latest census numbers show that nearly one-half of Americans are classified as low income.