NEW YORK (AP) -- U.S. stock futures slipped Tuesday after retail sales data for January grew slower than expected.
The government said an hour before the market opening that retail sales rose 0.4 percent last month. That was the best showing in three months and represented a rebound from a weak holiday season. But the results fell short of the 0.7 percent projection from economists.
Standard & Poor's 500 futures slipped 5.8 points to 1,343.30, while Dow Jones industrial average futures fell 25 points to 12,810. The Nasdaq Composite Index futures edged down 7.75 points to 2,560. All three indexes posted modest gains in Monday's session.
Among U.S. stocks to watch, Goodyear Tire and Rubber Co. posted a fourth-quarter profit before market open, reversing a year-ago loss, but results were short of Wall Street expectations. Goodyear was trading down 61 cents, or 4.4 percent, at $13.36 in premarket activity. And The Boeing Co. announced its biggest plane order ever, a $22.4 billion deal with Indonesia's Lion Air. Shares of the company added 87 cents to $75.72 in premarket trading.
Meanwhile, the wrangling continued in Europe over a deal for a second major bailout for Greece. That country passed strict austerity measures over the weekend amid massive protest from its citizens, and is searching for further cuts, even as a new report showed the nation's economy shrank 7 percent in the fourth quarter.
Eurozone leaders are debating how to cut the country's debt load to a level that the eurozone officials and the International Monetary Fund see as sustainable ahead of a vote on Wednesday.
Meanwhile, Moody's Investors Service downgraded the creditworthiness six European Union countries late Monday, including Italy and Spain, and warned that top-rated Britain, France and Austria could see their ratings cut as well. The latest mass downgrade followed similar cuts by S&P and Fitch last month, but appeared to have little impact on world markets.
In London, the FTSE 100 index of leading British shares was up 0.9 percent to 5,905 while Germany's DAX slipped 0.08 percent to 6,733. The CAC-40 in France was 0.13 percent lower at 3,380.
Earlier in Asia, Japan's Nikkei 225 index rose 0.6 percent to 9,052.07, its highest close since Sept. 1. The gains followed an announcement by the Bank of Japan that it would buy more government bonds while keeping short-term interest rates near zero to boost the economy.
Elsewhere, Hong Kong's Hang Seng rose 0.2 percent to 20,917.83 and South Korea's Kospi was 0.2 percent lower at 2,002.64. Australia's S&P/ASX 200 lost 1 percent to 4,242.80.