Stock futures under pressure ahead of retail-sales data
Kim Hjelmgaard, USA TODAY; @khjelmgaard
U.S. stock futures were moving lower ahead of Wednesday's market open. Government data on February retail sales are set to provide a focus for investors.
The Dow Jones industrial average fell 0.03% to 14,445, the Standard & Poor's 500 lost 0.27% to 1,551.70. However, the Nasdaq-100 added 0.08% to 2,805.25.
On Tuesday, the Dow edged higher to gain for an eighth straight day. The Dow closed at 14,450.06. The S&P 500 fell 0.2% to close at 1,552.48. The Nasdaq composite fell 0.3% to 3,242.32.
A retail-sales report for February is expected to show consumers boosted spending by a seasonally adjusted 0.5%, or 0.3% after excluding gasoline and cars, according to economists surveyed by Bloomberg.
STOCKS ON TUESDAY: Dow sets another new high as S&P 500 slips
In Asia, Japan's Nikkei 225 index fell 0.61% to 12,239.66 on Wednesday. In Europe, the Stoxx Europe 600 index traded in and around the flat line.
Benchmark oil for April delivery was up 21 cents to $92.75 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 48 cents to close at $92.54 per barrel on the Nymex on Tuesday.
Contributing: Associated Press
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