Markets

Retail Sales Supports Early Gains But Stocks Still Tentative Before Earnings

Stock futures got a modest boost from the better than expected December retail sales figures, but the revision to November prevented futures from making any aggressive moves higher. Futures had been moving cautiously higher before earnings from JP Morgan ( JPM ) and Wells Fargo ( WFC ) but with both out of the way, the market can try and regain its footing from yesterday's triple-digit loss in the Dow Industrials. Currently, all three major indices are posting constructive gains in pre-market trading with the tech sector getting a boost from Google's ( GOOG ) acquisition of Nest Labs and Charter Communication ( CHTR ) bid to take over Time Warner ( TWC ).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

GOOG WFC JPM CHTR

Other Topics

Commodities