Stock index futures pointed to a mixed open for Wall Street as earnings season accelerates with the release of numbers from some high-profile companies.
Johnson & Johnson posted earnings of $3.2 billion that beat expectations, while also affirming its full year outlook. Meanwhile, Goldman shares edged lower following its earnings report, causing futures to pare some earlier gains, even though the numbers appeared to beat analyst estimates.
The Retail Sales report for June was mixed relative to expectations with total sales up 0.6%, slightly more than the 0.4% consensus. Sales, excluding autos, were up 0.3%, slightly lower than the 0.4% consensus. Separately, the Producer Price Index was also on the mixed side. Total PPI increased 1.8% in June, higher than the expected 0.9%, driven by a 1.1% increase in food prices and a 6.6% jump in energy prices. Excluding those components, core PPI was up 0.5%, which was higher than an expected 0.1% increase.
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