Futures Lower Ahead of CPI Reading, Retail Sales Figures
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US stock futures are indicated lower this morning as European traders have set a downward pace amid lingering debt concerns in Spain and Greece. The strongest GDP reading in four years came out of Germany earlier, however investors across the pond are taking stocks down by about 1%.
At last check Dow Jones futures were down about 23 points, Nasdaq futures were down about 7 and the S&P 500 was down around 3.
A litany of data will hit US traders early this morning: a look into inflation with the July CPI reading at 8:30am ET and a look into the all-important consumer with advance retail sales for July also out at 8:30. Finally, at around 10am, the Street will get the UofM consumer confidence report as well as a look at business inventories for June.
At last check Dow Jones futures were down about 23 points, Nasdaq futures were down about 7 and the S&P 500 was down around 3.
A litany of data will hit US traders early this morning: a look into inflation with the July CPI reading at 8:30am ET and a look into the all-important consumer with advance retail sales for July also out at 8:30. Finally, at around 10am, the Street will get the UofM consumer confidence report as well as a look at business inventories for June.
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