"Stock futures were whipsawed following the latest flurry of data, but they have since returned to the flat line. Advance retail sales for December decreased 0.3%, which is weaker than the 0.5% increase that had been expected. It also falls short of the upwardly revised 1.8% spike in November. Advance sales less autos decreased 0.2%, but that was also worse than the 0.3% increase that many had forecast. Retail sales less autos for November had increased and upwardly revised 1.9%. Also recently released, initial jobless claims for the week ended January 9 totaled 444,000, which is a bit more than the 437,000 initial claims that had been expected. The latest tally marked a week-over-week increase of 11,000. Meanwhile, continuing claims retreted to 4.60 million from an upwardly revised 4.81 million. The consensus estimate had called for 4.75 million continuing claims. The Import Price Index for December was flat month-over-month, as expected. The lack of change followed a 1.6% monthly increase in November."
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