Advanced Monthly Retail Sales For May increased by 0.3% less than the consensus forecast of 0.5%. The Core Retail Sales excluding auto increased by 0.1%, also lower than the estimates of 0.4%.
The unemployment claims jumped to 317K more than 313K for last week and 306K estimates.
The combined effect was weakening of S&P 500 futures from a high of 1947.75, a high reached late last night in Asian sessions, to a low of 1939.75 – only 0.75 above yesterday’s low. A break below will put more bearish pressures to get to the next support level near 1915.
