Stock futures rise after bank earnings, retail sales data

Stock futures point to an early bounce from yesterday's sharp slide, as encouraging results from JPMorgan and better than expected retail sales data help stabilize the market.

The S&P and Dow each are +0.2%, while Nasdaq +0.3%; European and Asian markets are mostly lower, highlighted by a 3.1% drop in the Nikkei as Japanese investors returned from a long holiday weekend facing a stronger yen and continued weakness in U.S. markets.

JPM +0.7% after reporting Q4 earnings that beat estimates, although profit and revenue declined Y/Y; Wells Fargo -0.3% despite Q4 earnings that exceeded forecasts.

December retail sales rose 0.2% overall and 0.7% when excluding auto sales, both above expectations.

The yield on the 10-year Treasury rose to 2.846% from a one-month low of 2.827% late Monday.

Still ahead: business inventories, speeches from the Fed's Plosser and Fisher.

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