[BRIEFING.COM] Stock futures have made an abrupt, though modest, rebound on better-than-expected consumer confidence data. Just ahead of "Black Friday," which immediately follows Thanksgiving and is considered one of the busiest days for retailers, the November Consumer Confidence Index came in at 49.5. That was better than the 47.5 that was widely expected and up from the 48.7 that had been posted in October.
The numbers have helped prop up shares of retailers, which are up with a fractional gain in the face of broader market weakness.
Advancing Sectors: Telecom (+0.6%), Health Care (+0.1%)
Declining Sectors: Financials (-0.9%), Energy (-0.8%), Industrials (-0.7%), Materials (-0.7%), Tech (-0.7%), Consumer Discretionary (-0.3%), Consumer Staples (-0.2%), Utilities (-0.2%)Early movers: Trading up -- IWA +24.2%, SEED +11.8%, DSW +10.4%, FEED +9.6%, MDT +7.8%, CBRL +6.9%, ZLC +6.4%; Trading down -- WH -22.4%, NYNY -10.4%, ABIO -9.5%, ING -6.2%