Futures Little Changed After Dow Closes at Record; Delayed Retail Sales Data on Tap

Stock futures were little changed ahead of December U.S. retail sales data Tuesday, a day after the Dow Jones Industrial Average closed at a record high for a second straight session.

S&P 500 futures were up 0.2%, while Nasdaq 100 and Dow futures were up 0.1% and fractionally higher, respectively.

Yesterday, the tech-heavy Nasdaq and benchmark S&P 500 closed a respective 0.9% and 0.5% higher, while the blue-chip Dow finished up less than 0.1% after also setting an intraday record for a second consecutive trading day.

Investors are awaiting the delayed December U.S. retail sales data, scheduled to be released at 8:30 a.m. ET today. Economists expect a 0.4% monthly rise, down from 0.6% in November. Excluding auto sales, retail sales are expected to have risen 0.3%, down from 0.5% the previous reading.

Before the reading, the yield on the 10-year Treasury—which impacts interest rates on a variety of consumer loans including mortgages—slipped to 4.18% from Monday’s close of around 4.21%. 

In post-earnings moves, shares of Spotify (SPOT) jumped 9%, Hasbro (HAS) added 2%, AstraZeneca (AZN) advanced 2%, ON Semiconductor (ON) fell 4.5%, Coca-Cola (KO) was down 4%, and CVS Health (CVS) declined 2.5%. Ford Motor (F) and Robinhood Markets (HOOD) were among those slated to report results after markets close.

Shares of AppLovin (APP) and Oracle (ORCL) were up a further 4% and 1% in premarket trading after pacing the S&P 500 with respective gains of 13% and nearly 10%. Microsoft (MSFT) and Nvidia (NVDA) shares were up less than 1% after they led the Dow yesterday with respective advances of about 3% and 2.5%.

Bitcoin was trading around $68,600, down from overnight highs near $70,700. The U.S. dollar index, which tracks the value of the greenback against a basket of global currencies, edged higher to 96.88.

Gold futures slipped 0.3% to $5,065 an ounce, while silver futures declined 0.7% to $81.65 an ounce. West Texas Intermediate crude futures, the U.S. benchmark, rose 0.3% to $64.55 a barrel.