Stock Futures Waver Ahead of Retail Sales Data
U.S. stock futures wavered on Wednesday, ahead of fresh data on
January's retail sales and industrial production.
S&P 500 futures and contracts linked to the Dow Jones
Industrial Average futures ticked down less than 0.1%. Changes in
equity futures do not necessarily predict moves after the opening
bell. The Dow edged up to close at a record on Tuesday.
U.S. retail sales data is due at 8:30 a.m. ET. The figures are
likely to show that there was a rebound in spending in January,
economists forecast, fueled in part by the latest round of stimulus
payments and improving data on the virus in the second half of the
The yield on 10-year U.S. Treasurys was largely unchanged from
1.298% on Tuesday. Bond prices and yields move in opposite
Overseas, European stocks fell Wednesday for a two-day losing
streak. The Stoxx Europe 600 lost 0.4%, while the U.K.'s FTSE 100
also shed 0.4%.
The Swiss franc, the euro and the British pound declined 0.3%,
0.1% and 0.1% respectively against the U.S. dollar.
In commodities, Brent crude rose 0.8% to $63.88 a barrel. Gold
fell 0.8% to $1,784.70 a troy ounce.
In Asia, major indexes were mixed. Hong Kong's Hang Seng added
1.1% after falling as much as 0.7% earlier. Japan's Nikkei 225
index dropped 0.6%.
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(END) Dow Jones Newswires
February 17, 2021 03:58 ET (08:58 GMT)
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