Markets

US Stock Futures Flat Amid Lackluster Retail Data

US stock futures were near flat in slow trade Friday morning as August retail sales increased by 0.2% compared to the forecast of 0.5%, suggesting slow growth. The latest economic data will play into U.S. Federal Reserve's decision on whether to taper its $85 billion asset purchase program. The timing and size of such a tapering is expected to become clearer after the Fed's meeting on Sept. 18. The producer price index, meanwhile, was also out at 8:30 a.m. It increased 0.3%, more than the expected 0.2%. In equities, Twitter announced it has made a confidential filing for an initial public offering with the Securities and Exchange commission.

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.

Other Topics

Commodities