Futures dip ahead of retail data this week


NEW YORK (AP) — Stock futures are falling at the start of a week that will be loaded with hints about the health of the country's retailers.

Dow Jones industrial futures are down 41 points to 15,027. S&P futures have lost 5.5 points to 1,624.10. Nasdaq futures are down 11.5 points to 2,964.

Economists expect the government to report Monday that April retail sales declined for the second time in as many months. Many believe the culprit is higher Social Security tax that kicked in this year.

Macy's posts earnings on Wednesday, followed by Wal-Mart, Nordstrom and J.C. Penney on Thursday.

J.C. Penney is trying to recover from a disastrous run under former Apple executive Ron Johnson, who was ousted last month. Analysts expect losses of $1.06 per share for the first quarter.

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