Futures mixed as retailers post quarterly numbers
NEW YORK (AP) — U.S. stock futures are mixed ahead of a government retail sales report, a new read on inflation and industry figures on home sales.
Dow Jones industrial futures are down 3 points to 15,931. S&P futures have lost less than a point to 1,784.80. Nasdaq futures are up 3.75 points to 3,379.25.
There are also some mixed quarterly earnings reports from retailers Wednesday.
J.C. Penney shares are up 7 percent despite falling well short of profit expectations. The retailer’s comparable-store sales were surprisingly strong.
Lowe’s also fell short of profit projections, just a day after rival Home Depot surprised investors with a big quarter and also raised its outlook for the year.
Deere & Co. is also reporting a strong quarter though it expects a revenue decline as crop prices fall.