US futures mixed on retailer earnings

Associated Press Modified: November 15, 2012 at 8:00 am •  Published: November 15, 2012
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Superstorm Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months, the Labor Department said.

The storm struck the East Coast on Oct. 29 and left wide swaths of damage from North Carolina to Maine. The storm also cut power to roughly 8 million homes and businesses, and some are still without power.

Retailers in the region were also affected and most closed stores at some point.

Target reported a higher profit for the third quarter, but said that comparable store sales rose 2.9 percent, which was a slower growth rate than last year.

Sears and the Gap post their quarter earnings after the bell Thursday.