Reuters:
Wall Street may be down, but it's still looking for a reason to pull itself together and start climbing again. Today it's taking heart from gains in overseas stock markets, and futures are pointing up. The mood may or may not last until the closing bell, though. Monthly same-store sales data could burst Wall Street's fragile bubble. Wal-Mart, for one, reported results lower than analysts were expecting. Investors just might turn around and retreat to safe havens, as they've been wont to do lately. But for now, U.S. Treasuries are down, and the yen has fallen sharply against the dollar. A report on weekly jobless claims is due shortly, but everyone's really waiting for tomorrow's monthly U.S. employment report. Oil prices are hovering near $62 a barrel after data yesterday showed a drop in U.S. fuel stocks. Costco reported a lower quarterly profit in line with Wall Street estimates. It looks like clear sailing for Clearwire. The wireless broadband network company founded by cell phone pioneer Craig McCaw has raised $600 million as its IPO came in at the top of the forecast range
