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U.S.
retail sales rose more than expected in June as Americans bought
motor vehicles and a variety of other goods, reinforcing views
that economic growth picked up in the second quarter.
Citi's <C.N> second-quarter profit fell less than expected,
while Wells Fargo's profit fell in line with expectations. Citi
shares rose 1.4 percent premarket, while Wells Fargo's dropped
about 1 percent.
The tepid results failed to match up to the expectation set by
JPMorgan's strong numbers on Thursday, that helped power the S&P
to its fourth intraday high in a row and the Dow to its third.
Dow e-minis were up 21 points, or 0.11 percent at 8:34
a.m. ET, with 33,027 contracts changing hands.
S&P 500 e-minis were up 2.75 points, or 0.13 percent, with
232,598 contracts traded.
Nasdaq 100 e-minis were up 2.25 points, or 0.05 percent, on
volume of 22,077 contracts.
Strong China data helped push world stocks to eight-month highs,
but an attack in Nice, France that killed at least 84 people and
injured scores weighed on sentiment.
"I am optimistic about the (U.S.) markets today, but we are
going to see some reaction to the attack in Nice," said Robert
Pavlik, chief market strategist at Boston Private Wealth in New
York.
Following news of the attack, shares of travel operators and
airlines dropped on fears about travel to Europe.
Priceline <PCLN.O>, Expedia <EXPE.O> and TripAdvisor <TRIP.O>
were down 1-2 percent, while Delta <DAL.N>, Southwest <LUV.N>
and United Continental <UAL.N> were also down 1-2 percent.
Herbalife <HLF.N> jumped 6.6 percent to $63.25 after the
weight-loss products maker agreed to pay the FTC $200 million to
avoid being classified a pyramid scheme.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Savio D'Souza)
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