Stock Market Update

The S&P 500 futures are down 24 points and are trading 0.4% below fair value, the Nasdaq 100 futures are down 60 points and are trading 0.3% below fair value, and the Dow Jones Industrial Average futures are down 209 points and are trading 0.4% below fair value. 

Retail sales jumped 0.7% in November (Briefing.com consensus 0.5%) following a revised 0.5% increase in October (from 0.4%). Retail sales, excluding autos, rose 0.2% in November (Briefing.com consensus 0.4%) following a revised 0.2% increase in October (from 0.1%).