I=7
- Retail sales rose 0.6% in December, the strongest pace in three months and above 0.4% estimate.
- Excluding autos, retail sales rose 0.4%, higher than 0.2% estimate.
- Control group sales which excludes food services, auto dealers, building materials stores and gasoline stations increased by 0.8%, above expectations for it to grow by 0.2%.
- The numbers are not adjusted for inflation.
- Stock futures were down following the report- S&P 500 futures fell 0.5%, Nasdaq Composite declined by 0.7% while Dow Jones Industrial Average dropped 0.4%.
