US STOCKS-Futures drop ahead of retail sales, consumer sentiment data

viernes 13 de noviembre de 2015 08:34 GYT
 

* Futures down: Dow 50 pts, S&P 5 pts, Nasdaq 17.5 pts

By Abhiram Nandakumar

Nov 13 (Reuters) - U.S. stock index futures were slightly lower on Friday, a day after a sharp selloff that saw S&P 500 and the Dow close below a key technical level, and ahead of retail sales and consumer sentiment data, amid growing concerns of a slowdown in demand.

* Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.

* The Dow and S&P 500 closed below their 200-day moving averages, which some traders believe portends additional declines.

* Concerns of a global economic slowdown continued to weigh on commodity prices on Friday, but crude prices recovered slightly from a sharp drop on Friday.

* U.S. companies, already faced with a potential rate hike in December and a strong dollar, have been reporting signs of slowing demand.

* Cisco, late on Thursday, said order growth was slowing and its enterprise business outside the United States was weakening. Department store chain Nordstrom followed Macy's in cutting its full-year forecast.

* Dow component Cisco's shares fell 5 percent to $26.42 premarket after the network equipment maker forecast adjusted profit and revenue growth below estimates.   Continuación...