Stocks Aim Higher After Rebound; Investors Eye Retail Sales Drop, Cisco Slump, Fed Remarks
• US stock futures edge up, looking to build on Wednesday's rebound ahead of economic data • January retail sales fell 0.8% from December, raising questions about consumer resilience • Investors to monitor remarks from Fed officials Waller and Bostic for rate hike clues • Cisco shares sink after earnings call highlights inventory corrections, weak demand, uncertain outlook • Cisco expects to close $28 billion Splunk acquisition by end of fiscal Q2, boosting earnings power