, despite warnings from management that shoppers are showing recessionary behaviors.
On a weekly basis, the Dow and the S&P 500 are on pace for losses, down nearly 2% and about 1%, respectively. The Nasdaq has a small gain of 0.3%. Investors continue to watch for updates on the state of debt ceiling negotiations, with the potential for default as early as June 1, according to statements from Treasury Secretary Janet Yellen.
Investors will watch Friday for a crop of new economic data, with specific attention on personal consumer expenditures given its association with the path of inflation. Data on personal income, consumer spending and sentiment and durable goods is also due in the morning.
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