Stock index futures turned lower on China’s decision to tighten capital requirements for banks. Though China has long been expected to continue its tightening measures, the timing caught markets off guard.
Sales at U.S. retailers rose more than expected in January. The Commerce Department said total retail sales increased 0.5% after falling by a revised 0.1% in December. Sales in December were previously reported to have dropped 0.3%.
After the markets open, a reading on business inventories is due out, as is the University of Michigan's survey of consumer sentiment.
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