Before the bell: Futures lower as retail sales data rolls in

Published: September 6, 2007, 3:49 am

Filed under: Before the bell, Apple Inc (AAPL), Penney (J.C.) (JCP), Campbell Soup (CPB)U.S. stock futures did a hundred-eighty turn this morning and if earlier it seemed stocks may open higher, now indication is for another lower start. Today investors are waiting to get indication of consumer spending via retail sales from big chains. Tomorrow's payroll data is also on the investors' mind.Yesterday, U.S. stocks dropped sharply due to concerns about the economy coming from a weak private sector employment and a record drop in pending home sales. Specifically, the Street was disappointed when the Fed's Beige Book released in the afternoon did not hint of a coming rate cut. The Fed, as it maintained a while, suggested the economy at large was affected by the credit woes and housing market slump. The result saw the Dow industrials ending the day down 143 points or 1.07%. The Nasdaq ended down 0.92% and the S&P 500 index lost 1.15% of its value. Today investors will focus on the

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