The euro fell against the U.S. dollar yesterday, pushing it back down close to a four-year low against the greenback. Sovereign debt woes were the old news behind past trends, and Thursday's declines were driven by upbeat U.S. economic reports and optimism over tomorrow's unemployment data contrasted with some lackluster euro zone data.
Overall, about two-thirds of US retail stocks are showing some profit gains and about one-third are not. Some of the winners in the May same-store sales sweepstakes are Target Corp. (NYSE: TGT), Costco Wholesale Inc. (NYSE: COST), Gap Inc. (NYSE: GPS), Saks Inc. (NYSE: SKS), and Nordstrom Inc. (NYSE: JWN). The losers among retail stocks in May include Abercrombie and Fitch Co. (NYSE: ANF), J.C. Penney Co. Inc.(NYSE: JCP), Rite Aid Corp. (NYSE: RAD), American Eagle Outfitters (NYSE: AEO), and Hot Topic Inc. (NASDAQ: HOTT).