Thursday, July 10, 2014

Futures flat as more retailers post earnings

February 16. 2013 5:20PM
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(AP) Stock futures are relatively flat ahead of the release of the latest data on consumer sentiment and after a mixed bag of earnings from retailers.

Dow Jones industrial futures are down 9 points to 13,216. The broader S&P futures have given up 1.2 points to 1,411.90. Nasdaq futures are up 2.75 points to 2,766.25.

The University of Michigan releases its monthly consumer sentiment index just before 10 a.m. Eastern time Friday. Economists expect a slight decline.

Gap Inc. is up in premarket trading after its earnings release Thursday showed the retailer is well on its way to a turnaround. The Gap posted a 29 percent jump in second-quarter net income and boosted its outlook.

Ann Taylor parent company Ann Inc. said Friday that its second-quarter profit rose 24 percent.

Associated Press

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