Stock futures fall after weak retail sales report

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Stock futures are falling after an unexpected drop in retail sales again calls into question the pace of a domestic economic recovery.

The Commerce Department says retail sales fell 1.2 percent in May. Economists had forecast sales would rise 0.4 percent last month.

The disappointing report Friday comes after stocks surged a day earlier on upbeat global economic data. However investors have been skittish about the pace of a recovery, particularly after a weak employment report last week.

Dow Jones industrial average futures are down 44, or 0.4 percent, at 10,043. Standard & Poor’s 500 index futures are down 5.50, or 0.5 percent, at 1,074.00, while Nasdaq 100 index futures are down 9.50, or 0.5 percent, at 1,811.50.

Associated Press