The markets were mixed today despite a sharp rally in the previous session, as investors took in some lackluster economic news from the Labor Department.
Initial jobless claims rose unexpectedly by 6000 last week, to a seasonally adjusted 402,000. This is the first time in over a month we've seen the number of claims rise above 400,000.
Meanwhile, the Commerce Department reported a 0.8 percent increase in construction spending in October, which exceeded economists expectations.
Today we got a first look into early holiday sales, as many department store retailers reported November sales figures.
Among them was Macy's (NYSE:M), which got a little help from a strong Black Friday and posted a 4.8 percent rise in same-store sales in November.
Dillards (NYSE:DDS) and Nordstrom (NYSE:JWN) also reported an increase in same-store sales for the month.
Kohl's (NYSE:KSS) however, missed expectations with a 6.2 percent drop in same-store sales.
Tomorrow, we'll bring you the government's monthly non-farm payrolls report, as well as earnings from Big Lots (NYSE:BIG).
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