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Retail Sales, Ongoing Unemployment, New Claims: 3 Things to Watch

1 month ago   |   By FXCM

By Dhirendra Tripathi
Investing.com - Stocks bounced higher on Wednesday heading into the final half-hour of trading, boosted by the energy sector as stronger than expected drawdowns in U.S. crude inventories last week sent oil prices 3% higher.
U.S. oil stockpiles fell 6.4 million barrels last week, nearly twice as much as expected, according to data from the Energy Information Administration.
There was also positive data on factory activity. Investors are awaiting Thursday's retail sales numbers and jobless claims as the Federal Reserve prepares for its periodic policy meeting next...
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