Stocks Edge Lower as Strong Retail Sales Offset Bank Earnings

Stocks slipped at the open on Tuesday, after retail sales data smashed expectations and earnings season picked up steam.

Bank of America reported a 10% rise in profit, echoing last week's strong showing by peers. Goldman Sachs is another highlight in Tuesday's third quarter reports.

The consumer slowdown was nowhere to be found in September as retail sales rose 0.7% in September, more than double estimates.

Bank of America, Lockheed Martin, and Wyndham stocks are trending in premarket trading on earnings results.

Stock futures point lower Tuesday as earnings season picks up pace with reports from Bank of America and Johnson & Johnson.