US Futures in Red after weak Retail Data



Futures indicate a negative start of the session on Wednesday after retail sales for April disappointed investors against a US-China trading saga.

Dow e will open 0.8% on red, S & P is down 0.6% while NASDAQ is down 0.4%.


Macy`s (M.US) rose 7 percent before the session after the company surpassed analysts' expectations for 1Q and showed higher than expected earnings for 2019.

Alibaba (BABA.US) will open a 3% increase after a "better-than-expecrted" report and growth in cloud services.

Uber (UBER.US) is down 1%, and competitors from Lyft (LYFT.US). Uber is down nearly 16% of the company's IPO while Lyft has 30% of its primary supply.

Tesla (TSLA.US) is down 0.9% due to tensions around the Trade War, which does not include Tesla vehicles, but this does not prevent them becoming more expensive in the coming months.

Container Store Group (TCS.US) fired 11% after the company announced excellent reports for 1Q and sales growth of 8.5%.

 Trader Velizar Mitov

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