Stock Market Update

The S&P 500 futures are up three points and are trading fractionally above fair value, the Nasdaq 100 futures are up 41 points and are trading 0.2% above fair value, and the Dow Jones Industrial Average futures are up ten points and are trading fractionally above fair value.

Retail sales rose 0.1% in May (Briefing.com consensus 0.3%) following a revised 0.2% decline in April (from 0.0%). Retail sales, excluding autos, declined 0.1% (Briefing.com consensus 0.2%) following a revised 0.1% decrease in April (from +0.2%).