Stock futures rise after bank earnings, retail sales data

|By:, SA News Editor

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.