Stock futures flat before retail sales, Goldman
Stock index futures were little changed on Tuesday as caution ahead of June retail sales offset hopes that Goldman Sachs
Before the bell shares of Goldman Sachs were up 1.4 percent at $151.50, a day after an upbeat analyst recommendation on the stock underpinned a rally in banks stocks.
Investors will scrutinize the retail sales data for clues about the strength of the economic recovery. The data is due at 8:30 a.m. EDT, along with the June Producer Price Index.
According to a Reuters poll of economists, June retail sales are expected to rise 0.4 percent, versus an increase of 0.5 percent in May. Excluding autos, retail sales are seen matching the prior month's 0.5 percent gain.
S&P 500 futures rose 1.70 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures climbed 36 points, and Nasdaq 100 futures added 2.75 points.
Goldman, whose results are due before the bell, is among several marquee names scheduled to post quarterly results on Tuesday, including two Dow components -- chipmaker Intel Corp
After the bell on Monday, No. 3 U.S. railroad CSX rose 6.1 percent after the company reported a stronger-than-expected quarterly profit.
Dell Inc
(Reporting by Ellis Mnyandu; Editing by Theodore d'Afflisio)
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