Posted 2/15/2024, 3:24:00 PM
Stocks Flat as Weak Retail Sales Temper Optimism
- US stock futures little changed as investors digest disappointing retail sales data that raised questions about the strength of the economy
- S&P 500 gained 0.2% on Thursday, coming off a solid rebound; Dow rose 0.5%; Nasdaq lost 0.2%
- January retail sales fell 0.8%, more than expected, sparking concerns about consumer resilience
- JPMorgan and Disney stock hit 52-week highs, helping lift the Dow
- Cisco shares dropped 4% premarket after saying its business is facing lower demand, uncertain outlook, and issued worse-than-expected guidance