Stock Market Update

The S&P 500 futures trade 22 points below fair value.

Retail sales fell 0.9% in May (Briefing.com consensus -0.6%) after decreasing a revised 0.1% in April (from +0.1%). Excluding autos, retail sales, fell 0.3% (Briefing.com consensus 0.1%) after a revised no change in April (from 0.1%).

Import prices were unchanged in May and import prices, excluding oil, increased 0.3%. Export prices fell 0.9% and export prices, excluding agriculture, fell 1.0%.