Futures mixed ahead of US retail report for August

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Associated Press

Posted on September 13, 2013 at 7:04 AM

Updated Friday, Sep 13 at 7:04 AM

NEW YORK (AP) — Stock futures are mixed in light trading before the government t releases a report on retail sales, a crucial U.S. economic driver.

Dow Jones industrial futures are up a point to 15,247. S&P futures have lost 1.5 points to 1,676.80. Nasdaq futures are up 2 points to 3,171.50.

Economists expect that retail sales rose 0.4 percent in August, double the increase of the previous month. The Commerce Department releases that report at 8:30 a.m. Eastern.

European and Asian markets are being weighed down by a report in Japan's Nikkei newspaper saying that Larry Summers will be named to head the U.S. Federal Reserve after the central bank meets next week.

Summers is believed to have a less favorable view of the aggressive bond-buying program that has flooded markets with cash.

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