Stock Market Update

The S&P 500 futures are up 13 points and are trading 0.2% above fair value, the Nasdaq 100 futures are up 59 points and are trading 0.3% above fair value, and the Dow Jones Industrial Average futures are up 108 points and are trading 0.4% above fair value.

Retail sales was unchanged in June (Briefing.com consensus -0.1%) following a revised 0.3% increase in May (from +0.1%). Retail sales, excluding autos, rose 0.4% in June (Briefing.com consensus 0.2%) following a revised 0.1% increase in May (from -0.1%).

Import prices were unchanged in June following a 0.2% decrease in May (revised from -0.4%). Import prices, excluding oil, rose 0.2% in June following a 0.3% decrease in May.

Export prices fell 0.5% in June following a 0.7% decrease in May (revised from -0.6%). Export prices, excluding agriculture, fell 0.6% in June following a 0.8% decrease in May.