US futures mixed on retailer earnings

Associated Press Modified: November 15, 2012 at 8:00 am •  Published: November 15, 2012
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NEW YORK (AP) — Stock futures were mixed Thursday as a pair of U.S. retail giants posted better-than-expected profits, but revenue that fell just short.

The Labor Department also reported a surge in unemployment benefit applications due largely to the havoc from Superstorm Sandy in Northeast states.

Dow Jones industrial futures fell 3 points to 12,541. The broader S&P futures dipped 2.2 points to 1,350.80. Nasdaq futures have added 5.75 points to 2,535.25.

Before the opening bell Thursday, shares of Wal-Mart fell more than 3 percent. Its expectations for the current quarter fell shy of Wall Street expectations. An investigation into bribery allegations in Mexico also may be expanding to a number of other countries.

In a filing with the U.S. Securities Exchange Commission Thursday, Wal-Mart said that "Inquiries or investigations regarding allegations of potential (U.S. Foreign Corrupt Practices Act) violations have been commenced in a number of foreign markets where we operate, including but not limited to Brazil, China and India."

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