Futures dip ahead of retail data this week

US stock futures fall ahead of retail sales and earnings data set for this week

Associated Press
Stock market rally pauses on Monday
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Traders Daniel Trimble, left, and Christopher Morie on the floor of the New York Stock Exchange Monday, April 29, 2013. Japan's stock market jumped Monday May 13, 2013 to its highest close in more than five years after global finance leaders gave a seal of approval to the country's stimulus program and refrained from criticizing its weakening effect on the yen. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stock futures are falling at the start of a week that will be loaded with hints about the health of the country's retailers.

Dow Jones industrial futures are down 41 points to 15,027. S&P futures have lost 5.5 points to 1,624.10. Nasdaq futures are down 11.5 points to 2,964.

Economists expect the government to report Monday that April retail sales declined for the second time in as many months. Many believe the culprit is higher Social Security tax that kicked in this year.

Macy's posts earnings on Wednesday, followed by Wal-Mart, Nordstrom and J.C. Penney on Thursday.

J.C. Penney is trying to recover from a disastrous run under former Apple executive Ron Johnson, who was ousted last month. Analysts expect losses of $1.06 per share for the first quarter.

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