Futures extend losses after retail sales worse than feared

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Futures extend losses after retail sales worse than feared


FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. REUTERS/Jeenah Moon

(Reuters) – U.S. stocks futures extended declines slightly on Friday after data showed retail sales plunged much more than expected in April, underscoring the deep economic slump caused by the coronavirus pandemic.

At 8:36 a.m. ET, Dow e-minis were down 247 points, or 1.05%. S&P 500 e-minis were down 31.75 points, or 1.12% and Nasdaq 100 e-minis were down 131.75 points, or 1.45%.

Minutes before the data, Dow e-minis were down 213 points, or 0.91%. S&P 500 e-minis were down 28.25 points, or 0.99% and Nasdaq 100 e-minis were down 124.75 points, or 1.37%.

Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta



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