: Dow futures fall, Treasury yields and dollar rise on strong retail sales data

U.S. stock futures retreated while the U.S. dollar and Treasury yields advanced after retail sales increased in January at the fastest rate since March 2021. Futures for the S&P 500 fell by 18 points, or 0.5%, to 4,125. Futures for the Dow Jones Industrial Average were down 130 points, or 0.4%, to 33,972. Nasdaq 100 futures fell 79 points, or 0.6%, to 12,555. The yield on the 10-year Treasury rose 1.4 basis points to 3.778%. The euro EURUSD was off 0.5% at $1.068. U.S. retail sales rose 3% in January, beating economists’ expectations for a 1.9% rise.

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