US STOCKS-Wall St set to open down on euro-zone debt worries

* April retail sales rise more than expected

* Concerns about euro zone debt crisis re-emerge

* Futures down: S&P 10 pts, Dow 74 pts, Nasdaq 16.25 pts

* For up-to-the-minute market news see [STXNEWS/US]
(Recasts, adds details, updates prices)

By Leah Schnurr

NEW YORK, May 14 (BestGrowthStock) – Wall Street was poised to open
lower on Friday, weighed by worries about the impact of heavy
euro-zone debt loads on the global recovery.

The initial optimism over moves this week to keep Greece’s
debt crisis from spreading appeared to be ebbing on concerns
the efforts won’t be enough, and that plans to rein in national
budgets could stifle growth. For details, see [ID:nLDE64C1TS]
and [ID:nEU]

The jitters took the euro to an 18-month low against the
dollar, while gold hit record highs. Overseas, European shares
(.FTEU3: ) fell nearly 2 percent. [ID:nLDE64D0IB]

Shares of credit card companies tumbled ahead of the
opening bell, a day after the U.S. Senate voted to limit fees
charged on credit and debit card transactions. Visa Inc (V.N: )
lost 8.4 percent to $78.55, and MasterCard Inc (MA.N: ) shed 7.9
percent to $214. For details, see [ID:nN13100251]

Stock futures losses were trimmed after data showed sales
rose more than expected in April, helped by a gain in vehicle
purchases. [ID:nN13155984]

“The overriding concern is still Europe, but (the retail
data) is still good. Hopefully we can see the consumer come
back. But with high employment, that’s still a way off,’ said
Dan Cook, senior market analyst at IG Markets in Chicago.

S&P 500 futures (SPc1: ) fell 10 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: ) lost 74
points, and Nasdaq 100 futures (NDc1: ) shed 16.25 points.

The latest snapshot on the health of shoppers will come with
May preliminary consumer sentiment at 9:55 a.m. EDT (1355 GMT).
A reading of 73.5 is expected, compared with 72.2 in the
previous month, according to a Reuters poll of economists.
[ECI/US]

Outlooks from retailers did little to inspire confidence in
the consumer. J.C. Penney Co Inc (JCP.N: ) reported higher
quarterly profit Friday, but gave a modest profit forecast, and
its shares fell 2.2 percent to $27.56. [ID:nN14163914]

The Penney outlook came on the heels of other cautious
views from department store operators Kohl’s Corp (KSS.N: ) and
Nordstrom Inc (JWN.N: ). Nordstrom fell 3.1 percent to $40.
[ID:nN13226661]

Shares of Nvidia Corp (NVDA.O: ) slid 5.9 percent to $13.79
a day after the graphics chipmaker forecast sales below Wall
Street’s target. [ID:nN12201459]

Other economic data will include April industrial
production at 9:15 a.m. EDT (1315 GMT) and March business
inventories at 10 a.m. EDT (1400 GMT). Production is expected
to rise 0.6 percent from 0.1 percent the month before, and
business inventories are forecast to rise 0.4 percent, compared
with 0.5 percent.

Stocks fell Thursday after downbeat comments about the
economy from Cisco Systems Inc (CSCO.O: ), the big maker of
computer routers and switches, and Kohl’s.

Stock Investing

(Additional reporting by Ryan Vlastelica; editing by Jeffrey
Benkoe)

US STOCKS-Wall St set to open down on euro-zone debt worries