U.S. Stock Futures Are Lower As Large Retailers Continue to Report Earnings

U.S. stock futures are lower. US equities are indicating a modestly lower open as large retailers continue to report earnings. Housing starts declined more than anticipated at 1.446M (vs. expectations of 1.540M). July industrial production came in a 0.6%, beating expectations of 0.3%. Weekly Jobless Claims and Philly Fed Manufacturing data will be released tomorrow before the bell. Treasury yields are slightly higher, putting downward pressure on bonds. European markets are higher in midday training and Asian markets closed mixed after yesterday’s disappointing Chinese economic data and subsequent rate cut.