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Stock Futures Slip as Wall Street Awaits Retail Sales

Stock futures were in the red on Friday morning as crude oil threatened to fall below $46 a barrel and investors awaited data on U.S. retail sales.

S&P 500 futures fell 0.2%, Dow Jones Industrial Average futures slid 0.3%, and Nasdaq futures were down 0.24%.

Good news out from the Organization of the Petroleum Exporting Countries failed to give crude a boost on Friday. The group of major oil-producing countries expects cuts to U.S. production and reduced investments from energy giants will help to rebalance a supply glut this year. Non-OPEC production is expected to fall by 740,000 barrels a day from 2015 to 56.4 million barrels this year, the group said...