All eyes will be on Intel (INTC, $21.30, up $0.34) after the bell. Wall Street expects $0.30 a share and revenue is expected to rise to $10.2 billion from $8.2 billion last year.
Economic News…For retail sales, Wall Street was expecting an increase of 0.5%, weaker than November’s 1.3% increase. We came in worse than expected…retail sales for December decreased 0.3%.
For weekly jobless claims, Wall Street had penciled 430,000 new claims, off slightly from last week’s 434,000. We totaled 444,000. The latest tally marked a week-over-week increase of 10,000. Meanwhile, continuing claims retreated to 4.6 million from an upwardly revised 4.8 million.
As we head to press, the Dow is up 21 points to 10,702. As far as our current trades, they have been updated in the Members Area. We will be back in the morning with a full update.]]>