Stock Market Update

Retail sales dropped 0.9% in January (Briefing.com consensus 0.0%) and retail sales, excluding autos, dropped 0.4% in January (Briefing.com consensus 0.3%).

Export prices rose 1.3% in January, export prices excluding agriculture rose 1.5%. Import prices rose 0.3% in January and import prices, excluding oil rose 0.1% in January.

The S&P 500 futures are down six points and are trading 0.1% below fair value, the Nasdaq 100 futures are down 25 points and are trading 0.1% below fair value, and the Dow Jones Industrial Average futures are down 97points and are trading 0.3% below fair value.