US STOCKS-Futures down ahead of consumer data

* CPI, retail sales, consumer sentiment data on tap

* Germany, France reported Stronger-than expected GDP

* Futures off: S&P 4.1 pts, Dow 27 pts, Nasdaq 7.75 pts

* For up-to-the-minute market news see [STXNEWS/US]
(Adds quote, J.C. Penney results)

By Angela Moon

NEW YORK, Aug 13 (BestGrowthStock) – U.S. stock index futures fell
on Friday as investors awaited consumer sentiment and retail
sales data to get a better reading on the state of the fragile
economic recovery.

The Labor Department is scheduled to release the July
Consumer Price Index at 8:30 a.m. [1230 GMT]. Economists in a
Reuters survey expected an 0.2 percent increase, compared with
an 0.1 percent decrease in June.

July retail sales data will be released at the same time.
Economists look for an 0.5 percent rise, compared with an 0.5
percent drop in June.

At 9:55 a.m. EDT [1355 GMT], Thomson Reuters/University of
Michigan Surveys of Consumers reports the preliminary August
consumer sentiment index. Economists forecast a reading of
69.3, compared with 67.8 in the final July report.

“We don’t just have enough catalyst for a rebound, even
after a three-day decline,” said Tom Schrader, managing
director of U.S. equity trading at Stifel Nicolaus Capital in

He said the market needs to see very strong data to offset
fear sparked by the Federal Reserve’s gloomier economic outlook
earlier this week.

Shares of retailer J.C. Penney Co Inc (JCP.N: ) fell 2.8
percent to $20.22 in premarket trade following second-quarter
results. For details see [ID:nASA00NLJ]

S&P 500 futures (SPc1: ) edged down 4.1 points and were below
fair value, a formula that evaluates pricing by taking into
account interest rates, dividends and time to expiration on the
contract. Dow Jones industrial average futures (DJc1: ) dipped 27
points, and Nasdaq 100 futures (NDc1: ) fell 7.75 points.

European stocks slipped as soft European debt sales
overshadowed better-than-expected gross domestic product growth
in Germany and France, said Peter Boockvar, equity strategist
at Miller Tabak + Co in New York. [ID:nLDE67C0YX]

The 5-year and 15-year bond auctions in Italian debt were
soft as a bid-to-cover in both were only about 1.25 versus 1.41
for last month’s 5-year, he said.

India may shut down Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) and Skype
Internet-based messaging services over security concerns, the
Financial Times reported, as the government threatened a
similar crackdown on Research in Motion Ltd’s (RIMM.O: )(RIM.TO: )
BlackBerry services. [ID:nSGE67C00W]

Shares of Telestone Technologies Corp (TSTC.O: ) fell 12
percent, while Nvidia Corp (NVDA.O: ) jumped 6 percent in
extended trade on Thursday. Telestone, a developer of
telecommunications network technology, said quarterly profit
fell 15 percent, while chipmaker Nvidia reported a quarterly
loss. [ID:nN15272312]

U.S. stocks (Read more about the stock market today. ) ended down for a third straight day on
Thursday, setting the stage for the biggest weekly decline in
six weeks, as an unexpected rise in jobless claims and a
sobering revenue outlook from Cisco Systems Inc (CSCO.O: )
underscored the hurdles to economic recovery.
(Reporting by Angela Moon; editing by Jeffrey Benkoe)

US STOCKS-Futures down ahead of consumer data