Author: Albena Toncheva
123jump.com
Last Update: 9:35 AM ET August 04 2005
Stocks are poised to open lower on Thursday, as some profit-taking is expected at opening after a slight recovery of the futures market on a couple of good results across Europe. With little economic news scheduled for today, trading may be dull ahead of July unemployment report due Friday. Investors are likely to refrain from taking positions as oil prices edged up. Same-store sales at Wal-Mart rise 4.4% in July.
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