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Futures hold lower after retail sales; oil weighs

CNBC.com staff
Spencer Platt | Getty Images. U.S. stock index futures indicated a broadly lower open Friday as traders looked towards data that will provide a look at the mood of consumers.

U.S. stock index futures indicated a lower open on Friday as oil continued to decline and traders eyed data that will provide one last look at the mood of consumers before the Fed meets next week to consider the first rate hike in nine years.

November retail sales rose 0.2 percent. Ex-autos, retail sales rose 0.4 percent. Taking out autos, gasoline, building materials and food services, retail sales increased 0.6 percent after an unrevised 0.2 percent gain in October.

U.S. producer prices unexpectedly rose in November as the cost of services increased, but the underlying trend continued to point to weak inflation pressures, Reuters said. The Labor Department said on Friday its producer price index advanced 0.3 percent after falling 0.4 percent in October.

Dow futures traded more than 200 points lower, around session lows touched ahead of the data releases.

Treasury yields held lower, with the 2-year yield near 0.91 percent and the 10-year yield at 2.18 percent.

The U.S. dollar traded lower against major world currencies, with the euro around $1.097. The yen was at 121.12 yen against the greenback as of 9:18 a.m., ET.

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Business inventories and consumer sentiment are also scheduled for release at 10:00 a.m.

In oil markets, Brent crude traded below $39 a barrel on Friday morning, down 1.2 percent, while U.S. crude was near $36.33 a barrel, down about 1 percent.

In Asia the Shanghai Composite (: .SSEC) closed 0.58 percent lower while Japan's Nikkei (: .N225) finished 0.97 percent higher. In Europe, the pan-European Stoxx 600 index (: .STOXX) was around 1.3 percent lower Friday morning.

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— Reuters and CNBC's Patti Domm contributed to this report

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