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U.S. stock futures traded lower Friday as bank earnings rolled in and ahead of a report on retail sales. 

The major futures indexes suggest a decline of 0.3%, extending Thurday's losses.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 36113.62 -176.70 -0.49%
SP500 S&P 500 4659.03 -67.32 -1.42%
I:COMP NASDAQ COMPOSITE INDEX 14806.812261 -381.58 -2.51%

JPMorgan shares are indicated to open lower after posting a 14% drop in quarterly profits, while profits at Wells Fargo jumped 86%, lifting those shares. 

Ticker Security Last Change Change %
JPM JPMORGAN CHASE & CO. 168.23 -0.21 -0.12%
WFC WELLS FARGO & CO. 56.00 -0.40 -0.71%

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Several reports are on the economic calendar.

The Commerce Department reports retail sales for December. Economists surveyed by Refinitiv anticipate consumer spending to be flat month-over-month, compared with a smaller-than-expected rise of 0.3% in November. Excluding the automotive component, spending is seen rising 0.2% in December, slightly trailing a 0.3% pop the previous month.

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At the same time, watch for import and export prices for December. Prices of imported goods likely rose 0.3% month-over-month, after jumping 0.7% in November. Watch for export prices to also rise 0.3% in December, well below the prior month’s 1.0% spike.

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Other reports include industrial production data for December and the University of Michigan's preliminary index of consumer sentiment for January. 

In commodities, oil held at the $82-per-barrel level. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 58.27 -0.64 -1.09%

In Europe, London's FTSE was off 0.1%, Germany's DAX declined 0.7% and France's CAC fell 0.7%.

In Asia, Tokyo's Nikkei 225 lost 1.3%, the Hang Seng in Hong Kong slipped 0.2% and China's Shanghai Composite index lost 0.9%.

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China reported its global trade surplus surged nearly 30% in 2021 to $676.4 billion. The trade surplus in December swelled 20.8% over a year earlier to a monthly record of $94.4 billion, customs data showed Friday.

The surplus with the United States rose 25.1% in 2021 over a year earlier to $396.6 billion

South Korea’s central bank raised its key interest rate to 1.25% from 1%, acting to counter inflation. 

Keep in mind there will be no U.S. trading in stocks or bonds Monday as the markets observe the Martin Luther King Jr. holiday.

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FOX Business' Ken Martin and The Associated Press contributed to this report.

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