Stock futures added to early gains after economic reports showed stronger than expected retail sales in November while inflation remained tame.
The Commerce Department said retail sales rose 1.3% last month, more than twice the 0.6% economists had expected. Excluding autos, retail sales jumped 1.2%, three times the 0.4% economists expected. At the same time, the Labor Department said import prices rose 1.7% for November, slightly higher than expected.
The University of Michigan’s preliminary consumer sentiment index for December is due just after the start of trading. Sentiment is expected to have improved to 68.5 from 67.4 in late November. Reports on October business inventories are due at 10:00 am ET.
- Harrington Wealth Management
- Our firm provides comprehensive trust and investment management services by employing a customized asset allocation approach. By focusing on the individuality of each client, Harrington Wealth Management Company has helped high net worth individuals, families, and small institutions grow and sustain their wealth through proven investment practices since 1994. A fee-only advisor, we also offer other financial services from our offices in California, Kansas and Indiana that include custody, estates, land trusts, probate administration, guardianships, personal trust administration, retirement plan services, and investment consulting services.
