US Markets

Futures lower after data, earnings

Traders work on the floor of the New York Stock Exchange.
Getty Images

U.S. stock index futures pointed to a lower open on Friday, as investors digested some inflation data and October's retail sales, following a string of warnings from major retailers.

Dow futures traded about 20 points lower. Earlier futures briefly traded about 60 points lower in the minutes after the data releases.

for October fell 0.4 percent, after falling 0.5 percent the previous month.

October retail sales showed an increase of 0.1 percent, below expectations of a 0.3 percent rise. Retail sales excluding automobiles, gasoline, building materials and food services rose 0.2 percent after an upwardly revised 0.1 percent gain in September.

Treasury yields edged lower after the reports, with the 10-year yield at 2.29 percent and the 2-year yield at 0.86 percent as of 8:38 a.m.

The data comes on the heels of a string of warnings this week from big retailers, like Macy's and Nordstrom, so traders will be watching the report carefully to see whether it signals a weakening consumer.

In light of the soft results from key retailers, all eyes were on numbers from J.C. Penney, which posted a 5 percent increase in sales.

CEO Marvin Ellison will preside over the earnings call Friday morning, which comes after the company announced earlier this week that comparable-store sales grew by 6.4 percent, while analysts polled by FactSet expected a 5.7 percent increase.

Consumer sentiment and business inventories are both reported at 10 a.m.

In Europe, equities fell on Friday after commodities tanked Thursday. WTI hit a two-and-a-half-month low after the U.S. government reported a stockpile build four times more than market expectations. West Texas Intermediate crude was last seen 0.3 percent lower at $41.63 a barrel early Friday, while Brent crude gained 0.7 percent to trade near $44.40 a barrel.

Reuters contributed to this report.