Futures extend gains after August retail sales data
Business
Futures extend gains after August retail sales data
(Reuters) - US stock index futures extended gains slightly on Tuesday after a higher-than-expected rise in monthly retail sales indicated a healthy consumer, allaying fears about a sharp slowdown in the US economy.
Retail sales for August rose 0.1% compared to an estimate of a 0.2% decrease, according to economists polled by Reuters. They had increased 1% in the previous month.
At 08:31 a.m. ET, Dow E-minis were up 127 points, or 0.3%, Nasdaq 100 E-minis were up 119.75 points, or 0.62%, and S&P 500 E-minis were up 23.75 points, or 0.42%.
