Stock index futures ticked higher Tuesday, as retail sales came better than expected.
S&P 500 futures (SPX) +0.2%, Nasdaq 100 futures (US100:IND) +0.2% and Dow futures (INDU) +0.4%.
The 10-year Treasury yield (US10Y) fell 2 basis points to 4.21%. The 2-year yield (US2Y) rose 1 basis point to 4.48%. See how Treasury yields have done across the curve at the Seeking Alpha bond page.
Major market averages finished higher on Monday, which was the first trading day since Former President Donald Trump was the target of an assassination attempt at a Pennsylvania rally. The small-cap Russell 2000 (RTY) also rose 1.80% to its highest level in two-and-a-half years.
“Equities saw a clear rotation into stocks that stand to benefit from Trump’s policies,” Deutsche Bank’s Jim Reid said.
Headline retail sales were flat in June, but came in better than expected.
U.S. export prices fell more than forecast in June, while import prices stalled
Other economic data include the May business inventories and the July housing market index. Both will come during market hours. The former is expected to see a monthly rise of 0.4%, while the latter is forecasted to come at 43.
