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2021-07-16

Wonder why

Stock Futures Tick Up After Retail Sales Boost

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Nasdaq-100 futures advanced 0.4%, pointing to gains in technology stocks after the opening bell.</p>\n<p>Retail sales rose 0.6%in June, as the economy reopened more broadly and auto dealers navigated supply disruptions. Economists were expecting another decrease after May’s 1.3% drop. A gauge of consumer sentiment by the University of Michigan is scheduled for 10 a.m. ET.</p>\n<p>Stocks traded choppily this week as investors digested a higher-than-expected inflation reading Tuesday. 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Nasdaq-100 futures advanced 0.4%, pointing to gains in technology stocks after the opening bell.\nRetail sales rose 0.6%in June, as the economy reopened more broadly and auto dealers navigated supply disruptions. Economists were expecting another decrease after May’s 1.3% drop. A gauge of consumer sentiment by the University of Michigan is scheduled for 10 a.m. ET.\nStocks traded choppily this week as investors digested a higher-than-expected inflation reading Tuesday. 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