May 12, 2017 / 11:32 AM / 2 years ago

US STOCKS-Futures slip with focus on retail sector

* Futures down: Dow 29 pts, S&P 5 pts, Nasdaq 6.75 pts

By Yashaswini Swamynathan

May 12 (Reuters) - U.S. stock index futures were lower on Friday ahead of a barrage of economic data, including a report on retail sales that is closely watched by investors to gauge the strength of the economy.

* A Commerce Department report is expected to show that retail sales rebounded by 0.6 percent in April after falling in March. The data is due at 8:30 a.m. ET (1230 GMT).

* Also in focus is a monthly report on the consumer price index and inflation rate, as well as the University of Michigan’s consumer sentiment data for May.

* A batch of dismal department store earnings, mainly from Macy’s, weighed on leading U.S. stock indexes, which closed lower on Thursday.

* From the Federal Reserve, Chicago Fed President Charles Evans and his Philadelphia counterpart Patrick Harker are scheduled to speak at separate events and could provide clues on the central banks plans to raise interest rates next month.

* Shares of Nordstrom were off 4 percent at $44.40 in premarket trading after the upscale department store reported a decline in comparable store sales.

* CyberArk was down 10 percent at $49.52 after issuing a disappointing full-year earnings forecast.

* Online advertising firm Trade Desk surged 22 percent to $48.80 after reporting quarterly revenue that handily beat analysts’ estimates.

* T-Mobile was up 3.3 percent at $68 after Bloomberg reported that Sprint and its controlling shareholder SoftBank have started talks to merge with T-Mobile US. Sprint shares rose 3.2 percent.

Futures snapshot at 7:02 a.m. ET:

* Dow e-minis were down 29 points, or 0.14 percent, with 15,281 contracts changing hands.

* S&P 500 e-minis were down 5 points, or 0.21 percent, with 107,065 contracts traded.

* Nasdaq 100 e-minis were down 6.75 points, or 0.12 percent, on volume of 17,045 contracts. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D’Silva)

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