NEW YORK (TheStreet) -- U.S. stock futures were pointing to a rebound on Wall Street Thursday following a decline in weekly initial jobless claims while investors await a vote on the nomination of Janet Yellen as the next Federal Reserve chief.
Futures for the S&P 500 were gaining 4.25 points, or 5.23 points above fair value, to 1,784. Futures for the Dow Jones Industrial Average were up 47 points, or 57.18 points above fair value, to 15,925. Futures for Nasdaq were up 11.3 points, or 11.48 points above fair value, to 3,377.8.
Green Mountain Coffee Roasters GMCR was popping more than 6.5% to $66.04 after posting fourth-quarter earnings that exceeded expectations.
Retailers were lackluster in early morning trades even as their lowered forecasts didn't reflect the overall consumer spending environment.
Target TGT shares were slumping 3.9% to $63.90 after the discount retailer cut its full year forecast to earnings per share of $4.59 to $4.69 from the prior outlook of $4.70 to $4.90 after margins and earnings softened at its U.S. business during the third quarter and its Canadian unit suffered losses.
Abercrombie & Fitch ANF was shedding 3.4% to $33.80 after the casual apparel retailer guided for a low double digit decrease in comparable sales for the fourth quarter.
In the prior session, data showed that U.S. consumers appeared unaffected by the partial government shutdown during October, boosting U.S. retail sales by the most in four months.
"We're still betting on the consumer," Neil Hennessy, founder and chairman of Novato-Calif-based Hennessy Funds said during an annual company luncheon Wednesday. "The consumer is not dead. We're expecting low to moderate growth."