S&P 500 Futures Erase Loss as Retail Sales Beat Estimates
U.S. stock futures erased losses after government data showed retail sales increased in February by the most in five months, bolstering optimism in the world’s largest economy.
Futures on the Standard & Poor’s 500 Index expiring in June were little changed at 1,546.8 at 8:32 a.m. in New York after losing as much as 0.3 percent earlier.
The 1.1 percent advance was more than forecast and followed a revised 0.2 percent gain in January, Commerce Department figures showed today in Washington. The median projection in a Bloomberg survey called for a 0.5 percent advance. Sales excluding the volatile categories of automobiles and gasoline climbed 0.4 percent.
To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net
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